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Altcoin season index at 48: analysts see rally trigger
Altcoin market cap at $974B, but selling pressure persists. Nearly 40% of altcoins near all-time lows as the season index hovers at 48. Analysts debate whether a rally or more pain is ahead.
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The altcoin market cap stood at $974 billion at press time, according to CoinGecko data. The altcoin season index, which tracks whether smaller tokens are outperforming Bitcoin, sat at 48. A reading above 50 would mark the official start of altcoin season.
One analyst, drawing parallels to 2024 and 2025, said the current setup points to an imminent “legendary rally.” Peter Anthony, founder of House of Crypto, made a similar observation. He argued that after a long stretch of Bitcoin dominance, the market is shifting in favor of altcoins. “Many altcoins that are performing well now will only be making higher highs and higher lows from here,” Anthony said.
Not everyone shares that view. Another trader pointed to data from CryptoQuant showing the 1-year cumulative buy/sell volume difference for altcoins. The figure indicated net selling pressure of more than $250 billion, with sellers outnumbering buyers for roughly 17 months. “I didn’t realize the altcoin selloff had become this extreme,” the trader said. He argued that such a sustained outflow suggests investors have favored Bitcoin and safer assets over smaller tokens.