Has the Altcoin Season Arrived? Market Indicators Show Strong Signals

Jakarta, Pintu News – The crypto market is starting to show early signs of Altseason, with many technical and on-chain indicators pointing positively for altcoins.

The overall crypto market capitalization has reached US$3.76 trillion, with a 24-hour trading volume of US$125.91 billion (7/8). Investors seem to be shifting capital away from Bitcoin (BTC).

This is evident in Bitcoin’s declining dominance, which now stands at 60.7%, down from its recent peak. Meanwhile, Ethereum (ETH) recorded a return of 47.21% in the third quarter, far outpacing Bitcoin’s slim 7.14% gain.

This data further corroborates the notion that we are in the early stages of the altcoin season. Currently, the altseason index is at 37.

Ethereum and Altcoins Build Momentum

Ethereum continued to strengthen, with market dominance reaching 11.9%, and recorded a performance that far outperformed Bitcoin throughout the third quarter.

Read also: Ethereum Price Surges 6% to $3,900 Today (August 8) as Tom Lee Predicts a Rally Toward $16K!

This is in line with the views of Sensei analysts, who think the bull cycle is now in Phase 2 – a stage where Ethereum is leading the way, and investor sentiment is slowly shifting towards large cap assets and potential altcoins.

On the other hand, SmartDeFiBSC provided additional context by comparing the current situation to the fall of BTC dominance in 2021, stating that “funds will flow to ETH and altcoins.”

Bitcoin’s dominance chart also shows a consolidation pattern similar to the structure before the 2021 drop, hinting at an imminent move in favor of altcoins.

On-Chain Metrics Confirm Capital Rotation

According to CryptoQuant, altcoin deposits to Binance jumped by more than 45,000 in the past week – the highest since late 2024. This surge signals an increase in investor activity and capital placement on altcoins.

In addition, the Altcoin Season Index which currently stands at 37/100 continues to rise from last month’s position at 26.

Read also: Pi Network Price Up 5% Today (August 8): Is Pi Coin Starting to Recover?

Although still below the “Altseason” threshold of 75+, this trend shows positive momentum and increasing investor interest in altcoins. This is in line with the altcoin market capitalization chart which has just confirmed the occurrence of a golden cross, a strong technical indicator that often appears before a bullish rally.

While we haven’t actually entered the full Altseason yet, various signals – from changes in market dominance to capital flows – suggest that the moment is fast approaching.

Now may be a strategic time for investors to start positioning themselves for the most explosive stage of this cycle.

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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:

• Coinpedia. Altseason Brewing as Bitcoin Dominance Mirrors 2021 Crash. Accessed on August 8, 2025