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Is Altcoin Season Near? Bitcoin Dominance Drops as Index Reaches Monthly High

Bitcoin Dominance (BTC.D) is declining as the Altcoin Season Index continues to rise, leaving many to wonder whether investors’ interest has shifted to coins other than BTC, potentially triggering the start of the long-awaited altcoin season. According to data from TradingView, BTC.D has plunged from 61% at the start of November to 58.7% as of

Andrew Richard2 min read

Is Altcoin Season Near? Bitcoin Dominance Drops as Index Reaches Monthly High

Bitcoin Dominance (BTC.D) is declining as the Altcoin Season Index continues to rise, leaving many to wonder whether investors’ interest has shifted to coins other than BTC, potentially triggering the start of the long-awaited altcoin season.

According to data from TradingView, BTC.D has plunged from 61% at the start of November to 58.7% as of this writing. During the same period, the Altcoin Season Index has risen to 47, a level it last saw in mid-October.

For starters, BTC.D represents Bitcoin’s share of the entire crypto market cap, and it helps traders understand how capital is moving between the coin and other cryptocurrencies. The Altcoin Season Index, on the other hand, tracks the top 100 digital assets by market cap to gauge whether they are outperforming BTC within a particular period. If the Index shows a score of at least 75%, it means that the altcoin season has started.

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