This article discusses the current state of the altcoin market and questions the timing of the next altcoin season. Altcoin season refers to a period in which cryptocurrencies other than Bitcoin outperform BTC in terms of price gains. However, recent trade wars and macroeconomic unrest have led to a significant downturn in many altcoins, with only 24% of top altcoins outperforming Bitcoin over the past 90 days. The Altcoin Index has also plunged to its lowest level since October 2024, indicating continued weakness in the sector. Additionally, the metric tracking the total market capitalization of all cryptocurrencies excluding BTC has remained in a descending parallel channel, confirming a sustained downtrend. On the other hand, Bitcoin dominance has continued to increase, suggesting that an altcoin season may be delayed.



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