Cryptocurrency Debate: Shiba Inu Executive Clarifies Current Market Trends
The debate over whether the crypto market is in Bitcoin Season or Altcoin Season has been ongoing for months, with many traders and analysts closely watching the Altcoin Season Index (ASI) for signs of a shift.
The ASI, a tool used to measure the relative performance of altcoins compared to Bitcoin, currently stands at around 35 as of August 13, 2025. This value rose from a low of 29 on August 11 but remains well below the 75 threshold that signals a true altcoin season.
Bitcoin dominance, on the other hand, is around 60%, up from 55% in January 2025. This suggests that Bitcoin is maintaining strong leadership in market capitalization. With the index in the neutral zone and Bitcoin dominance relatively high, there seems to be no definitive shift from Bitcoin dominance to altcoin dominance yet.
However, recent analysis on August 12 indicated that the ASI was well above 75, implying strong altcoin momentum. Projects like Solana, Avalanche, and Polygon were driving gains, but this contrasts with the latest readings close to 35. This discrepancy may reflect short-term fluctuations or differences in altcoin index data sources.
Despite this, the market is not strongly favoring altcoins over Bitcoin. Notable recent momentum from Ethereum and XRP has not been enough to dethrone Bitcoin, which still holds a dominant position in the total market cap.
LUCIE, Shiba Inu's marketing lead, recently discussed the matter and shared insights on the current market situation, altcoin season expectations, and potential breakout in the Altcoin Season Index. The current market still largely favors Bitcoin, but signs of change are starting to emerge, particularly with Ethereum approaching the $4,000 price level.
The last time the market saw altcoin dominance was in December 2024, when the Altcoin Season Index spiked to a reading of 88. Since then, Bitcoin has maintained control, with the most recent attempt to push the index higher stalling at a 59 reading on July 21.
The combination of a drop in BTC dominance and a surge in the Altcoin Season Index above 75 would officially mark the shift from Bitcoin Season to Altcoin Season. For now, eyes are on this potential breakout, particularly a September window for a decisive move that could ignite a true altseason.
In summary, the market is not strongly favoring altcoins over Bitcoin, and Bitcoin remains the dominant cryptocurrency. The Altcoin Season Index reflects a cautious or transitional market phase rather than a full altcoin season.
- The Altcoin Season Index is currently at around 35, indicating a cautious market phase rather than a full altcoin season.
- Bitcoin dominance is around 60%, suggesting that Bitcoin is maintaining strong leadership in market capitalization.
- Recent analysis showed the ASI was well above 75, implying strong altcoin momentum, but this contrasts with the latest readings close to 35.
- Notable recent momentum from Ethereum and XRP has not been enough to dethrone Bitcoin, which still holds a dominant position in the total market cap.
- A drop in BTC dominance and a surge in the Altcoin Season Index above 75 would officially mark the shift from Bitcoin Season to Altcoin Season.
