Cryptocurrency personalities share different sentiments regarding the highly talked-about altcoin season, a period in the crypto market when alternative assets outperform Bitcoin in the majority.
According to entrepreneur and Bitcoin investor Lark Davis, Bitcoin’s recent bullish performance has failed to stimulate excitement within the broader cryptocurrency market. The investor is convinced the missing piece is the highly anticipated altcoin season.
“This cycle has been mostly about Bitcoin so far. Even though BTC smashed through all-time highs, there’s no excitement in the market. The reason is simple: Everyone and their dog are sitting in altcoins, and that’s why even though BTC is near ATHs, altcoin index is sitting at 27 (real altseason starts at 75).” He wrote.
As the analyst asserts, Bitcoin has outperformed this in this current market cycle, with a continuous bullish milestone recorded monthly. The asset kicked off 2025 hovering above the $90,000 price mark, before hitting $100,000 briefly, in the latter part of January and February.
Last week, Bitcoin hit a new ATH of $111,970 before returning below the $110,000 level. The big bull is trading at a press time price of $109,795.
On the other hand, Cryptocurrency analyst Benjamin Cowen observed that altcoin and Bitcoin pairs are trading at significantly lower levels. Countering that altcoin season is around the corner, he highlighted the continued downward trend observed within the altcoin market over the last 4 years.
“ALT/BTC pairs just put in their lowest weekly close all cycle. Those that call for alt season each week may sound confident and contrarian, but altcoins have been bleeding to Bitcoin almost non-stop since 2021.” Cowen wrote.
Where is “altcoin season”?
While altcoin season is typically expected to arrive 6-9 months after every Bitcoin halving, the years after the halving year leave analysts gauging, using altcoin season index aggregators designed to analyze the performance of the top 50 altcoins in the market.
These aggregators track factors including increased trading volume, increased altcoin dominance, and frequent price breakouts. Altcoin season indexes currently sit at 16, indicating that only 16% of existing altcoins have outperformed Bitcoin over 90 days.
It is also worth noting that altcoins fail to outperform Bitcoin during some market cycles and continue to trade downward or sideways.