Altcoins Rally – Why Altseason Is Not Here Yet?

The rally is wide enough to stand out, but it has not lasted long enough to qualify as altseason. CoinMarketCap’s index remains well below its threshold, while Glassnode shows that futures positioning has not yet reached its historical risk zone.

Why a reading of 45 falls short of altseason

The CoinMarketCap Altcoin Season Index stood at 45 when checked on September 19. The index measures how many eligible cryptocurrencies among the top 100 have outperformed Bitcoin during the previous 90 days.

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