The long-anticipated “altseason” may finally be here. This week, altcoin market indicators surged to their highest levels since December 2024, fueling speculation that the biggest altcoin rally in years is about to begin.

According to Blockchain Center’s Altcoin Season Index, a reading of 78 out of 100 confirms altseason conditions, when 76% of the top 50 crypto assets outperform Bitcoin over a 90-day period. CoinGlass and CoinMarketCap show similar results, with readings of 76 and 67, respectively.

Market sentiment has shifted swiftly, with altcoins stealing momentum from Bitcoin, which has recently consolidated around $114,000. The altcoin market cap, excluding Bitcoin and stablecoins, now stands at $1.63 trillion, just shy of the $1.64 trillion peak seen in late 2024.

Is the Altsea

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