Is Altseason Starting? What the Charts and Market Data Show
Altcoin charts are flashing bullish setups, however market information reveals cash has but to rotate into altcoins. The Altcoin Season Index stood at 39 on November 4, far under the 75 altseason threshold.
Technical patterns on Bitcoin (BTC) dominance and Ethereum (ETH) level towards a doable shift in favor of altcoins. Market capitalization and stablecoin dominance information, nevertheless, present merchants retaining their distance.
The Charts Making the Case for Altcoins
Bitcoin dominance measures Bitcoin’s share of total crypto market worth. A chart shared by Ash Crypto reveals the metric rejected at a descending trendline for a 3rd time.
Dominance stood at 60.43% at the time. Repeated rejections recommend Bitcoin is struggling to develop its share of the market. Meanwhile, the identical chart reveals altcoin dominance holding a key help stage.
Ethereum has also gained ground in opposition to Bitcoin. The ETH/BTC pair closed October above a multi-month trendline, although the month-to-month candle completed purple.
Ash Crypto noted the pair nonetheless wants a break above key resistance to substantiate the pattern. A confirmed altcoin season would additionally require capital to circulation into altcoins. The market information doesn’t present that rotation but.
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Stablecoins Hold Their Share as Retail Looks Away
The crypto market cap excluding Bitcoin and Ethereum, tracked as TOTAL3, fell 1.05% on November 4 to $734 billion. It has fashioned decrease highs since topping above $850 billion in late September.
Tether (USDT) dominance moved in the wrong way. It rose to six.993% on November 4, up from about 6.4% in early October. A rising stablecoin share can sign merchants holding money, although falling altcoin costs additionally elevate it.
Retail consideration has pale as properly. Worldwide Google Trends curiosity in “altcoin season” scored 6 for the week of October 25 to November 1. That marks a 60% drop from the previous yr.
The studying peaked at 100 in early November 2025, when BeInCrypto tracked early altseason alerts. Carl Moon framed the drop as a doable calm earlier than an altcoin rally. Traders typically learn retail apathy like this as a contrarian sign.
For now, 3 ranges may settle the debate. TOTAL3 would want to carry the $730 billion zone that acted as help in late August and mid-September. USDT dominance would want to reject the 7.2% space that capped it in mid-September. The Altcoin Season Index would additionally must reclaim 50.
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