📈The Altcoin Season Index Soars 358%! CZ Calls Out: The FOMO Wave Has Arrived
Family, CZ has called out: "The Altcoin Season Index is rising, the FOMO button has been activated," have you hopped on board?
The Altcoin Season Index (ASI) is used to measure the performance of the top 100 altcoins relative to Bitcoin over the past 90 days, with a breakthrough of 75 marking the official arrival of the altcoin season.
According to CoinMarketCap data, the ASI has surged from a low of 12 in April to 52 on July 23, a rise of 358%, reaching a new high since February 2025, with only 13 points left to reach 75.
Let’s analyze from multiple dimensions whether the altcoin season has truly arrived.
1️⃣Technical Analysis
Past altcoin seasons (such as 2017 and 2021) often accompanied Bitcoin's sideways movement or pullbacks. Comparing to the 2020-2021 altcoin season (where the index rose from 30 to 90), Bitcoin's dominance fell from 70% to 40%, while the total market cap of altcoins surged from $200 billion to $1.6 trillion.
This time, the altcoin season started after Bitcoin broke through the new high of $123,000, and the funds have begun to rotate, with Bitcoin's dominance (BTC Dominance) dropping sharply by 4.6% in a week, from 66% to 61.4%, clearly showing that funds are flowing into altcoins.
2️⃣Capital Market
A rise inevitably requires enough "ammunition" as support.
Coinglass shows that the total market cap of on-chain stablecoins has surpassed $245 billion (with USDT alone accounting for $150 billion!), and the balance of exchange stablecoins has increased by 12% week-on-week — all of which is "smart money" ready to rush into altcoins!
Don’t be fooled by ETH’s recent pullback; spot ETFs have seen a net inflow for 14 consecutive days, totaling $332 million over these days.
Additionally, publicly listed companies are pouring into cryptocurrencies, and this whale capital is cascading like a waterfall into the crypto space!
3️⃣Trading Volume and Market Sentiment
During FOMO, the activity on-chain will show significant changes. According to official data from HyperliquidX, as of July 21, the platform had 3,056 new users, totaling 572,868 users, with over 1.16 billion trades conducted and a total trading volume of $15.6 billion. In terms of trading volume and user numbers, it can almost rival the DEXs launched in the last two cycles.
🧐Do you think the altcoin season has arrived? Share your thoughts in the comments below!
