If you listen really, really hard, you might just hear it: the haunting sound of disappointed altcoin investors sighing into the crypto void. For those who expected 2025 to bring a glorious altcoin stampede, it’s been more of a damp squib—like waiting for Godot, only Godot shows up, sells you Bitcoin, and leaves again.
Altcoin Season Index: Not Dead, Just Very, Very Confused
The Altcoin Season Index, which purports to be a useful tracker rather than a glorified game of “Hot or Not” for cryptocurrencies, pits the top 50 altcoins against the eternal heavyweight that is Bitcoin. If most of these altcoins are doing better than Bitcoin over 90 days, it’s “Altcoin Season! 🎉” (The kind of party where everyone hopes their bags are packed with winners, and not, say, celery). If Bitcoin is still flexing over the altcoins, it’s still “Bitcoin Season”—which is basically every other Tuesday, plus most days ending in “y.”
Currently, Bitcoin is flexing so hard, its dominance hovers stubbornly above 65%. For context, Bitcoin sitting on top of the market is like an especially greedy dragon sitting on a glittering pile of your altcoin dreams. Even Ethereum, usually the dashing prince of Altcoin Land, can’t seem to find its glass slipper. Instead, it’s tripping over its own shoelaces trying to keep up with Bitcoin.
According to Blockchain Center (motto: “We Swear This Crystal Ball Works!”), the Altcoin Season Index is straining its way up to 27 from an “oh dear, did we forget to water it?” level of 11, back in June. It’s still not exactly inspiring, but—well, it’s better than being buried right next to Blockbuster and Beanie Babies in the crypt of history.
Now, when the index gets this low, tradition says you’re supposed to start hoping for a reversal. Kind of like the moment in a Discworld novel when things have gone so spectacularly wrong that you know something (possibly involving a wizard or a talking suitcase) is about to happen. Except, sometimes, the market prefers its drama with a long, boring wait. Because, historically speaking, the index has been known to laze around below 10 before leaping back into adventure—think of it as the crypto equivalent of a slumbering hero waiting for destiny (or a recount).
Legend says that in 2020, the index dropped below 8 before the altcoins remembered they had legs and bolted into 2021’s grand rally. In 2023, lest we forget, the number hit a heroic 4 before a twist no one believed until it happened (cue mad cheering, and then, regret).
Still, a score in the uncomfortably-low twenties does imply the bottom is in sight—unless, of course, we’re all reading a map upside down. The next powerful omen: Bitcoin’s dominance dropping toward a modest 40%, and Ethereum finally stretching its wings with more grace than a goose with vertigo. When those stars align, perhaps altcoin season will be upon us at last, and the index will finally have something to write home about. 📈🐉
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2025-07-08 16:18