🚹 Altcoin volume is now nearly 4× Bitcoin’s.

With 72.5% of tracked altcoins outperforming BTC last week and BTC dominance falling below 59%, capital is clearly rotating.

But is this the start of altseason?

The Altcoin Season Index is at 64, still below the 75 threshold. Meanwhile, altcoin perps barely moved, suggesting this rally is being driven more by spot demand than leverage.

The interesting part? $AAVE, $LINK and $ARB are leading instead of meme coins.

Still, history says caution matters. Similar volume spikes in 2021, 2024 and 2025 were followed by significant drawdowns.

So I’m watching closely,

Early altseason or another trap before BTC runs? 👀