The Altcoin Season Index shows recovery but not sustainable

According to data from CoinMarketCap and BlockBeats, the Altcoin Season Index (ASI) has increased from 35 to 41 at the end of July, indicating that 41 out of 100 top altcoins have outperformed Bitcoin over the past 90 days. However, this level has not yet reached the threshold of 75 to confirm a true 'Altcoin Season'.

Previously, on July 21, the ASI reached 52–53, signaling a brief period where altcoins outperformed BTC. But the index quickly declined back to low territory (below 50), reflecting the return of the Bitcoin Season trend, where BTC continues to lead the market.

Despite a spike in mid-month thanks to altcoin groups like memecoin and GameFi, the upward momentum could not be sustained. As of July 31, the ASI is around 31, indicating that altcoins are not strong enough to dominate the market.

👉 In summary, despite signs of recovery, the market is still leaning towards Bitcoin. The ASI remaining below 50 shows that altcoins have not entered a breakout phase. #altcoins #btc