- Altcoin Season Index hits lowest level in 2 years, signaling peak Bitcoin dominance.
- Fear & Greed Index drops to 30, suggesting possible bottoming in market sentiment.
- Solana outperforms top altcoins, indicating early signs of altcoin momentum returning.
Altcoin investors are grappling with one of the most challenging sentiment environments in recent memory. According to analyst Michaël van de Poppe, the Altcoin Season Index has plunged to just 15, marking its lowest point in over two years.
This reading strongly indicates that the crypto market is currently in a “Bitcoin Season” a phase where Bitcoin significantly outperforms altcoins. While this may appear discouraging, historically, such sentiment lows have often preceded major rebounds in altcoin performance.
The Altcoin Season Index, which peaked at 75 in late 2024, has since been on a steady decline. This drop mirrors the rising dominance of Bitcoin in the broader market.
The current level between 15 and 20 has acted as key support in the past, repeatedly tested in recent months. Consequently, the steep correction could be viewed not as a warning sign, but as an opportunity in disguise.
The #Altcoin season index is the lowest in the past 2 years.
— Michaël van de Poppe (@CryptoMichNL) April 16, 2025
The fear & greed index has dropped down massively as well.
It feels terrible.
And that terrible feeling is usually a great indicator to do the exact opposite. pic.twitter.com/k59cmkHqd6
Market Indicators Paint a Bearish
While market prices are showing moderate signs of life, sentiment tells a different story. The Fear and Greed Index has fallen to 30, which reflects a growing state of “Fear” among investors. This psychological indicator often works in contrast to price action. In fact, such deep fear historically correlates with strong entry points for long-term investors.
Bitcoin currently trades at $84,960.12, gaining 1.85% in the past day. Ethereum has also moved up by 2.49%, now sitting at $1,608.92. Meanwhile, Solana leads among top altcoins with an 8.03% rise, reaching $135.12.
BNB and XRP posted smaller gains of 0.92% and 2.36% respectively. These individual upticks hint at a possible shift in momentum, even if broader sentiment remains cautious.
Market Recovery May Be Underway Despite Uncertainty
The total cryptocurrency market capitalization now stands at $2.67 trillion, supported by a daily trading volume of $76.63 billion. A look at the 30-day trend shows notable volatility. The market peaked in late March but faced pressure in early April. However, a slow but visible recovery appears to be building through mid-April.
