As the global crypto market cap has once again fallen back to the $2.43 trillion mark, there is a lot of chatter building around an upcoming altcoin season.
Though the CoinMarketCap Altcoin Season Index – which defines Bitcoin or altcoin season based on the top 100 altcoins relative to Bitcoin over the past 3 months sat at 32, the hype had still been increasing.
In fact, if looked carefully, since January 2026, only from the 16th of March to the 31st of March, the index flipped to an altseason. The rest of the time, the index was only indicating an ongoing Bitcoin season.
Additionally, the Bitcoin Dominance chart by TradingView was also trading strongly in the past 90 days and has failed to drop below 58%. At press time, too, BTC.D was at 59.54%, hinting that the Bitcoin season was strong.
Crypto community weighs in for an altcoin season
However, analysts in the crypto market believe otherwise.
One of the known crypto analysts used the MACD indicator and found that “such a kind of bullish crossover by MACD on OTHERS vs. BTC chart was formed back in 2020.
As expected, the analyst added,
After that, we saw a legendary altcoin season. It’s happened again.
Echoing similar sentiments, another trader said that the upcoming months will be ‘life-changing.’ He predicted that in the next 6-12 months, Bitcoin [BTC] will touch $150,000, Ethereum [ETH] will break $5000, and Solana [SOL] will hit $500.
Adding more to his prediction, the trader noted,
Altcoins will explode.
Not everyone rides the same boat
Needless to say, not everyone echoed similar sentiments as highlighted by another well-known analyst, who said,
Stocks are pumping 30x in a year while Altcoins are down -98% from their 2021 high.
Expressing his frustration, he even went ahead and noted how 5 years of holding have resulted in him losing everything.
Outright bashing the crypto market, the analyst quoted,
Worst crypto bull market ever.
In fact, recently too, data aggregator CoinGecko had also put it best when it noted,
Bitcoin’s all-time high of $126,000 has come and gone, but altcoins are still in the gutter.
Requirements of a true altcoin season
Ergo, for the altcoin season to actually happen, first of all, the top trending coins over 90 days should include some big names from the altcoin space.
Additionally, the Altcoins Exchange Inflow Transaction Count (7-day cumulative) chart by CryptoQuant (CQ) also showed that altcoins were facing strong selling pressure. Simply put, investors were clearly moving more altcoins to exchanges to sell, with no strong accumulation phase.
This sentiment was further confirmed by the 3-Month Taker Buy/Sell Strength by Coin (Normalized) chart by CQ. Altcoin, including SOL, Sui [SUI], Cardano [ADA], TRON [TRX], and Stellar [XLM] in red, showed persistent selling pressure.
Yet, despite such metrics, many are still calling for an altseason, noting,
Altcoins will outperform $BTC.
Final Summary
- Analysts and traders are calling in for an altcoin season, but the metrics are hinting at an ongoing Bitcoin season.
- For an altcoin season to actually happen, the selling pressure should be minimised with stable rebounds.
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