Altcoin Season Metrics Are Flashing Capitulation, Not Rotation

[tradelikepro]

Altcoin speculation index. Source: Capriole Investments

Key altcoin season indicators suggest the market is still deep in Bitcoin-led territory. Capriole Investments’ Altcoin Speculation Index shows only 21% of altcoins outperforming BTC, while Crypto Market Breadth reveals that just 8% of altcoins trade above their 50-day moving average—a sign of extreme weakness.

CoinMarketCap’s Altcoin Season Index sits at 18 out of 100, far below the 75 threshold required to confirm an altseason. Analysts increasingly argue that future cycles will not lift all boats. Instead, capital may concentrate into a small group of “survivor” altcoins, leaving the rest structurally sidelined as Bitcoin continues to dominate market leadership.

[bonk]

Most altcoins are just watching Bitcoin flex from the sidelines