Altcoin Season Begins? Bitcoin Loses Steam as Index Breaks 50!

Jakarta, Pintu News – While Bitcoin appears to be losing momentum, altcoins are starting to attract significant market attention. The Altcoin Season Index (ASI) recently surpassing the 50 mark signals a phase of rotation into alternative assets.

However, the big question that arises is whether this momentum is really solid or just a momentary phenomenon that will soon pass? Check out the full story!

Altcoin Season Index Crosses 50, the Real Start of the Season?

In recent days, the Altcoin Season Index (ASI) rose from 39 to 51, crossing the technical threshold that marks the start of the altseason.

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This composite indicator measures the performance of the top 50 altcoins compared to bitcoin over a 90-day period.

Historically, a score above 75 signals true altcoin euphoria; while at 51, the market enters the gray zone-more of a hope than a certainty.

While this level seems simple at first glance, it actually reflects quite a significant regime change.

This rise shows investors’ growing interest in alternative narrative-driven projects, in contrast to bitcoin’s currently slow movement.

Analysts Disagree on Altseason Sustainability

The altcoin season is exploding: the Altcoin Season index (ASI) hit the 51 mark, fueled by an unexpected price surge and growing euphoria on social media. However, not all observers share the enthusiasm shown by this figure.

According to CW8900 analysts, we are only at the beginning of a larger move. He mentions that there is a supportive technical configuration in the total market capitalization of altcoins, but it is not yet supported by strong macroeconomic validation.

In contrast, Miles Deutscher describes the current conditions as “popcorn season”: tokens appear suddenly, explode momentarily, then plummet back down. Such chaotic dynamics are hard to follow, and even riskier to trade.

According to him, a common mistake traders make is chasing profits without really understanding what is driving the rise. Hence, caution is still advised despite the ASI’s rise.

While the altcoin segment is attracting speculative attention, it has yet to show a clear fundamental consolidation. Even worse, the underlying data has yet to provide clarity.

Trading volumes are still fragmented, bitcoin dominance has decreased slightly but not drastically, and institutional funds are gravitating towards regulatory products such as BTC-based spot ETFs. Under these conditions, it is difficult to ascertain whether this market rotation is structural or just temporary (tactical).

Looking at previous cycles (2017 and 2021), altcoins usually start leading after bitcoin enters a long-term consolidation phase.

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So, the current uptick could be part of that classic pattern, with a gradual rotation towards L1 infrastructure, L2 solutions, and some DeFi protocols.

Bitcoin Weakening? Crypto King Faces Altcoin Comeback

Bitcoin is currently moving without a clear direction, stuck in a narrow range despite significant macroeconomic decisions. Its volatility is now more manageable thanks to the presence of spot ETFs, which indirectly limit potential price spikes.

The market seems to be starting to favor altcoins that are more dynamic and driven by compelling story narratives. This shift raises an important question: is bitcoin still the market’s center of gravity, or is it starting to shift to a more passive role?

Historically, periods where altcoins outperform bitcoin are usually temporary. However, BTC’s recent decline in dominance to 61% may signal a temporary shift towards a more sector-specific logic that is slowly eroding bitcoin’s historical dominance in favor of other cryptocurrencies.

Altcoins began to show gains, capitalizing on the “wait and see” situation with bitcoin. But history shows that this phase of separation rarely lasts long.

If BTC rallies again, it could again suck in capital flows. For now, investors are keeping a close eye on the subtle signals to see if this alt-season will last or if it will be drowned out by the king’s weight.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinTribune. Crypto Altcoins Take Their Revenge on Bitcoin. Accessed on July 22, 2025