Is it too early for the altcoin season?

Ethereum's performance has surpassed Bitcoin, driving ETH/BTC up 34% within a week, marking the first significant breakthrough since December 2024. This has sparked discussions about the altcoin season. However, key indicators show that the altcoin season has not yet arrived.

In 2022, Ethereum skyrocketed by 121% in just over a month, triggering the altcoin season. At that time, 75% of the top 50 cryptocurrencies outperformed Bitcoin, with the altcoin season index reaching 96 points. However, currently, the altcoin season index is only 25 points, with only 18% of the top 50 cryptocurrencies outperforming Bitcoin.

It may still be a few weeks away from a full altcoin breakout, but there is currently no conclusion. Bitcoin's dominance has dropped to 63%.