I heard a lot of people ask if it's altcoin season due to the green market, but from what I can gather, Altcoins are still behind Bitcoin, with the CMC Altcoin Season Index at 27/100, showing it?s clearly a Bitcoin-led market. Bitcoin dominance is high at 58.56% and even edged up today, which is keeping most altcoins in check. Still, a few large coins are doing better than BTC this week. Eth and XRP have posted stronger gains, helped by ETF interest, staking activity, and renewed attention on major Layer 1 networks. On social media, ETH, XRP, and SOL are getting more positive mentions, but the strength is limited to a small group of coins, I guess that's what Bitget TCC phase 24 is getting a lot of attention, cos the conditions are right rn to participate.
For now, imo, Bitcoin remains the main driver of the market. While some altcoins are showing early signs of life, this doesn?t look like a full altcoin season yet. There?s also a gap between online hype and actual trading activity, which could lead to sharp moves if sentiment shifts. Until Bitcoin dominance drops more clearly and altcoins show broader strength, BTC is likely to stay in control.
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