"Wen Altcoin Season?"
Let's start looking at the data:
• 2021 delivered 15x altcoin market cap growth.
• 2024 delivered 3x.
Here's why we're nowhere near real altcoin season (and what to watch for) 🧵⤵️
Token Metrics tracks Bitcoin dominance as a key indicator for altcoin seasons.
In 2021, Bitcoin dominance collapsed from 70% to under 40% during peak altcoin mania. Current data shows Bitcoin dominance needs to increase 16% from current levels before altseason begins, per historical data .
We're moving in the wrong direction for altcoin season.
Why haven't altcoins exploded like Bitcoin? Check the ISM.
The ISM has been weak for 25 of the last 26 months. In 2021 when ISM was strong, altcoins went up 15x. Now ISM is still weak, so altcoins only went up 3x despite Bitcoin's new highs.
Real altcoin season needs strong ISM and Bitcoin dropping from 71% dominance.
Bitcoin dominance typically fluctuates between 40-60% during bull markets, rising to 60-70% early as investors prioritize Bitcoin before rotating to altcoins.
Bitcoin dominance currently sits at 59%, impacting altcoin performance and market dynamics.
We're still in the "Bitcoin first" phase, not the altcoin rotation phase that creates explosive seasons.
The Token Metrics AI tracks key market signals to keep you ahead.
From sentiment and Bitcoin dominance to altcoin season indicators and early price breakouts.
Start using it for free:
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