Altcoins are making some serious noise lately, leading many to wonder if altseason is finally upon us. While Bitcoin (BTC) still reigns supreme, some interesting trends are emerging.
Altcoin Liquidations Surpass Bitcoin’s
Altseason, simply put, is when altcoins outperform Bitcoin during a bull market. It usually means Bitcoin’s dominance decreases as investors jump ship to potentially more profitable altcoins.
Recent data shows a fascinating shift. For most of 2024, Bitcoin liquidations (when traders’ positions are closed due to losses) massively outnumbered those of altcoins. This indicated that most leveraged trading was focused on Bitcoin.
But things changed in 2025. The gap between Bitcoin and altcoin liquidations is shrinking, and altcoin liquidations are now actually higher
than Bitcoin’s. This suggests traders are taking bigger risks with altcoins, betting on potentially higher rewards. This is a significant change in market sentiment.
The Big Picture: Still Waiting for Full Altseason
The total crypto market cap is currently around $3.93 trillion, with altcoins making up about 40.4% (around $1.59 trillion). While this shows altcoins are growing, a special “Altseason Index” is only at 46. This means we’re not quite in full-blown altseason territory yet. While the shift in trader behavior is exciting, the market needs to show more sustained altcoin dominance before we can declare altseason officially underway.