I noticed an interesting movement in the market — the altcoin season index jumped to 38 points. This happened in March of last year, but at that time, the indicator was quite significant. A seven-point jump in one day is not accidental; usually, such movements correlate with increased trading volumes.

What does this mean? The index tracks how the top 100 altcoins perform relative to Bitcoin over the past three months. Stablecoins are excluded from the calculation to focus only on speculative assets. A value of 38 indicates that approximately 38 percent of altcoins outperformed Bitcoin in terms of returns during this period. It’s not critical, but the trend is interesting.

For an altcoin season, the index needs to surpass 75 — only then can we talk about a true capital shift. Currently, we are more in a warming-up phase, where investors begin testing alternative networks and protocols. Historically, such periods often precede more serious movements.

Analysts note that a single data point is not a trend. We need to see sustained movement above 50 for several weeks. But the fact that the index is rising could signal a decrease in selling pressure on major altcoins and positive shifts in certain blockchain ecosystems.

For traders, this could be a signal to reconsider portfolio allocation toward mid-cap altcoins. Historically, during such periods, capital usually flows from Bitcoin and Ethereum into riskier assets. DeFi, Layer 1 protocols — these sectors often gain momentum first. The coming weeks will show whether this marks the beginning of a more sustained altcoin season or just a short-term wave.