1/ Concept of Altcoin Season**

"Altcoin Season" refers to the period when other cryptocurrencies (not Bitcoin) outperform Bitcoin, reflecting a shift in investor interest towards these assets. This season is usually determined by the Altcoin Season Index, which compares the performance of the top 100 altcoins against Bitcoin over a 90-day period. If the index exceeds 75, the market enters a "season" phase, while a drop below 25 indicates Bitcoin dominance.

2/ Key Indicators for Determining the Season

- Bitcoin Dominance: This is considered the most important ratio, as a drop below 45% (of the total market capitalization of cryptocurrencies) indicates the beginning of the season. Currently, Bitcoin dominance is 59.6%, which delays the season.

- Relative Strength Index for Altcoins: Technical breakouts, such as breaking the "descending wedge" pattern in May 2025, indicate a potential shift towards recovery.

- Trading Volume and Liquidity: Increased trading activity for altcoins supports upward opportunities, especially with the influx of new liquidity.

3/ Forecasts for 2025

- Regulatory Policy: With Trump coming to power in January 2025, some analysts expect a relaxation of restrictions on altcoins, which could enhance their performance.

- Technical Analysis: Predictions indicate a potential increase in the market capitalization of altcoins excluding Bitcoin and Ethereum to $1.15 trillion.