Only 20 of the top 50 alts have beaten BTC over the last 90 days, so I don't think this is altseason yet.
Everyones arguing about whether altseason started this week so i went and counted. over the last 90 days 20 of the top 50 alts beat btc, thats 40%. the usual altseason index rule wants 75%, so 38 of 50, and were not close
The dominance comparison going around (57% now vs about 58% in dec 2017) got me at first too. but stablecoins were 0.2% of total market cap back then and theyre about 10.3% now. pull them out and btc dominance is 63.8% today vs 58.25% then, so btc actually holds more of the non stable market than it did in 2017
I went through coingecko daily data back to 2019 and only 3 stretches pass 75% breadth plus alt market cap up 50% over the same 90 days. aug 2020, mar 2021 and dec 2024. a month before dec 2024 started breadth was only 28%, so it can go from low to 75%+ fast and a low reading today doesnt tell you much about next month
median top 50 alt is also still about 75% under its own ath
anyone counting this differently and getting a yes? curious what universe and window youre using