The crypto world is buzzing with a big question: Are we in Bitcoin season, or is altcoin season about to explode? This debate has been raging for months, especially with Ethereum’s recent price movements. Let’s dive into what’s happening.
The Altcoin Season Index: A Key Indicator
Many crypto traders and analysts are glued to the Altcoin Season Index. This index helps determine whether altcoins (cryptocurrencies other than Bitcoin) are outperforming Bitcoin. A reading above 75 usually signals altcoin season.
Currently, the index is sitting at 39, well below that crucial 75 mark. This means Bitcoin is still the dominant player. While Ethereum and XRP have shown some recent strength, Bitcoin’s market dominance remains high—around 61% at the time of writing. This is down from 64.3% three weeks ago, hinting at a potential shift.
Building Momentum: An Accumulation Phase?
Shiba Inu’s marketing lead, Lucie, points out that the decrease in Bitcoin’s dominance is due to altcoins slowly gaining momentum. She suggests this could be an accumulation phase—a period where investors are quietly buying altcoins before a major price surge. This is a pattern often seen in August, historically preceding strong altcoin rallies.
September: The Potential Breakout Month?
While it’s still officially Bitcoin season, Lucie believes the groundwork is being laid for an altcoin breakout in September. A significant jump in the Altcoin Season Index above 75, combined with a further drop in Bitcoin’s dominance, would confirm the shift. Everyone’s watching closely to see if this happens.
The last time altcoins dominated was December 2024, when the index hit 88. Since then, Bitcoin has held its ground, with the most recent attempt to break through stalling in July. The crypto community is eagerly anticipating September’s potential for a major altcoin rally.
