⬤ The crypto market is keeping a close eye on the altcoin season index, which just hit 37. Some traders are getting bullish about what's coming next. The index is sitting comfortably above the Bitcoin-heavy zone at 25, but it's still a ways off from 75—the level that usually confirms we're in full altseason mode. That middle ground is interesting because it means the market hasn't picked a clear winner yet.
⬤ Looking at recent action, the index jumped toward altseason territory over the summer before pulling back through fall. That cooldown makes sense—money hasn't really left Bitcoin in a big way yet. Still, there's growing chatter that altcoins could start running harder soon. "Daily triple-digit percentage gains could eventually become more common during a full breakout period," according to market observers watching these patterns.
⬤ XRP keeps coming up in these conversations as a coin to watch. It hasn't been super volatile lately compared to earlier this cycle, but people are still talking about it as a possible frontrunner when things heat up. The current 37 reading doesn't scream "altseason now," but it's not screaming "Bitcoin only" either. There's room for things to move if the momentum shows up.
⬤ Why does this index matter? It shows where money's actually flowing in crypto. If it keeps climbing, that probably means traders are feeling more adventurous. If it stays flat, people might be waiting for bigger catalysts before making moves. Whether XRP leads the charge or something else does, right now we're in that in-between phase where sentiment is slowly building back up.
Usman Salis
Usman Salis