The CMC Altcoin Season Index is currently at 16, indicating a weakening altcoin trend and a dominance of Bitcoin in the market. This index analyzes the performance of the top 100 cryptocurrencies (excluding stablecoins and asset-backed tokens) over a 90-day period to determine whether the market is favoring altcoins or Bitcoin .
*What does this mean?*
- *Bitcoin Dominance*: With the index at 16, it's clear that Bitcoin is currently outperforming most altcoins. This suggests that investors are favoring Bitcoin over other cryptocurrencies.
- *Market Sentiment*: The low index value indicates a lack of enthusiasm for altcoins, potentially due to Bitcoin's strong performance.
- *Altcoin Performance*: Only a small percentage of top 100 cryptocurrencies have outperformed Bitcoin in the last 90 days.
*How is the index calculated?*
The CMC Altcoin Season Index uses a 90-day price performance comparison between the top 100 cryptocurrencies and Bitcoin. If 75% of these cryptocurrencies outperform Bitcoin, it's considered an "Altcoin Season." Conversely, if only 25% or fewer outperform Bitcoin, it's a "Bitcoin Season" .
Other sources report similar findings :
- *Altcoin Season Index on Blockchaincenter*: 16, indicating Bitcoin Season
- *Altcoin Season Index on CoinGlass*: Indicates Bitcoin Season
- *Altcoin Season Index on Bitget*: 0 (Bitcoin season) or 17 (Bitcoin season), depending on the specific metric used
Keep in mind that market trends can shift rapidly, and this index value may change over time.
