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Investor interest in altcoins has fallen to a two-year low
The Altcoin Season Index, developed by analyst João Wedson for CryptoQuant, has dropped to 14 points out of 100, indicating a so-called “Bitcoin season.”
The index is calculated based on the analysis of more than 2,000 altcoins across various exchanges and shows what percentage of the largest cryptocurrencies have outperformed Bitcoin in returns over the past 90 days. A value above 75 is considered an “altcoin season.” A value below 25 indicates a “Bitcoin season.” At the level of 14, the indicator is near the lower bound of the range, meaning that the vast majority of altcoins have underperformed Bitcoin over the past three months.
The current value is the lowest since the beginning of 2024 and lies in the same zone as the lows of 2022 and 2019. Each of these lows was followed by significant altcoin growth in the subsequent months. However, investors are currently losing interest in this type of asset.
According to Santiment, a platform that tracks sentiment within the cryptocurrency community, the number of mentions of altcoins on social media has reached its lowest level in the past two years, while indicators suggest that investors are focusing on Bitcoin.
According to Santiment, for the week ending February 27, the altcoin social dominance index stood at 33 points, significantly lower than the 750 points recorded in July 2025.
Google search queries for the term “altcoin” worldwide show a similar trend. At the end of February, they reached 4 points out of 100, compared with 100 points in mid-August.
At the same time, historically each of these lows has been followed by a rapid rise in cryptocurrencies in the following months. Whether a rally will occur this time remains to be seen.
