Altcoin Season Index Explained: What It Measures and How to Read It

Altcoin season is the stretch of a crypto cycle when most altcoins outperform Bitcoin. The Altcoin Season Index puts a number on it. A reading of 75 or higher means altcoin season. A reading of 25 or lower means Bitcoin season. Anything in between is neutral. Right now the index sits at 47 with Bitcoin dominance near 60%. So no, it is not altcoin season yet. I have traded through two full altcoin seasons, 2017 and 2021. Both felt like free money for about three months. Both ended with the same people holding bags they bought in the final week.