The concept of Altcoin Season refers to a period in the cryptocurrency market when alternative cryptocurrencies (altcoins) significantly outperform Bitcoin in terms of price appreciation.
Until May 10, 2025, there are indications that an Altcoin Season may be approaching.
According to the Crypto Elites chart, there is a recurring pattern where Bitcoin dominance is rejected at key levels, often followed by strong altcoin rallies.
Analysts link these rejections to the potential onset of an Altcoin Season.
The CoinMarketCap Altcoin Season Index, which evaluates the performance of the top 100 digital assets relative to Bitcoin over the last 90 days, remains at 22, indicating that the market is still predominantly bearish towards altcoins compared to Bitcoin.
However, this does not exclude the possibility of an upcoming Altcoin Season, as historical precedents show that significant drops in Bitcoin dominance often precede strong altcoin performances.
Some analysts suggest that for a full Altcoin Season to emerge, Bitcoin's dominance rate needs to fall below 50%, signaling a shift of capital from Bitcoin to altcoins.
As of the most recent data, Bitcoin dominance is still relatively high, but the market is showing signs of potential changes.
In summary, although current market conditions suggest that an Altcoin Season is not yet fully underway, there are indications that it may be approaching, as Bitcoin dominance shows signs of weakening.
Bitcoin Dominance: A metric that measures the market capitalization of Bitcoin as a percentage of the total cryptocurrency market capitalization. A drop below 50% often precedes major altcoin rallies.
CoinMarketCap Altcoin Season Index: Evaluates the performance of the top 100 digital assets relative to Bitcoin over the last 90 days. A value above 75% indicates an Altcoin Season.
Crypto Elites Chart: Reveals a recurring pattern where rejections of Bitcoin dominance are followed by strong altcoin rallies.
Historical Precedents: Previous Altcoin Seasons experienced significant drops in Bitcoin dominance and strong performances from altcoins.