The altseason now resembles an old program coded under caffeine, compiled one stormy evening in a nervous trading laboratory. One day, it seems close, almost tactile, like a “patch” ready to suddenly wake up the crypto market. Then, a few hours later, it disappears behind the black screens of crypto exchanges saturated with algorithmic hesitation. This permanent speculation now fuels the entire crypto-sphere. Bitcoin moves slowly, sucks up liquidity, then leaves altcoins chatting among themselves like forgotten avatars in a digital waiting room.

In brief
- Bitcoin dominance now exceeds 61%, still massively concentrating global crypto investor flows currently.
- Binance altcoin volumes are growing strongly despite an altseason still technically absent today on several major indicators.
- Ethereum is silently transforming the crypto ecosystem with stablecoins, DeFi tokens and automated smart contracts now dominant.
- The AltSeason Index remains weak despite several technical signals showing a gradual stabilization of altcoins currently observed.
Bitcoin regains control of the “mainframe” while altcoins are still looking for their signal
Bitcoin has just exceeded 61% dominance, returning to its highest level since November 2025. In fact, BTC has increased by around 36% since its February 6 low point near $60,000.
This surge is acting like a financial black hole in the crypto market. Capital is now sticking to bitcoin with almost surgical precision.
Darkfost sums up this situation perfectly in his analysis published on X:
BTC has just surpassed $81,000 and its dominance now exceeds 61.3%. Capital flows remain largely focused on bitcoin.
Source: X / @Darkfost_Coc
However, several altcoins are timidly starting to breathe again under this massive cover. TOTAL3 climbs towards 765 billion dollars after several complicated weeks. Then, 11.7% of Binance altcoins return above their 200-day moving average. However, this figure seemed numb since October 2025.
Crypto investors are therefore monitoring this technical micro-crack like biologists observing a mutant cell under a quantum microscope.
Exchanges discreetly restart their engines while AltSeason remains under surveillance
Altcoin volumes on Binance now tell a much more nuanced story. In March, they represented just 31% of BTC and ETH volumes combined. Now, this share is climbing towards 49%, a sign of a gradual return of speculative appetite.
This move feels less like a euphoric explosion and more like a silent server reboot after a massive outage. CW8900analyst at CryptoQuant, even believes that the bitcoin season is gradually slowing down. He writes:
The altcoin season is starting quietly. Altcoin volumes are rapidly increasing on centralized exchanges and the true AltSeason is approaching.
Source: CryptoQuant
On the other hand, several indicators still remain cautious. The 90-day AltSeason Index is just 28.6. However, the old altcoin cycles regularly exceeded the threshold of 75 before a real crypto euphoria.
Crypto traders therefore proceed cautiously, like developers entering a potentially trapped “sandbox”.
Several comments under the tweets also remind us that bitcoin dominance still remains far too aggressive to allow altcoins to breathe sustainably.
Ethereum silently transforms crypto market structure like an autonomous neural network
L'interview given by Aleksandr Vat at BeInCrypto brings a much more disturbing reading of the current crypto market. According to Ethplorer, the altseason may have already taken place, but elsewhere. More precisely, in the Ethereum balance sheets themselves.
The top 10,000 Ethereum addresses now control around $342 billion.
However, only 34% of this value remains stored directly in ETH. The remaining 66% now lives in tokens, stablecoins and DeFi protocols.
This mutation is profoundly transforming the crypto ecosystem. Ethereum is gradually becoming “entity-centric”. In other words, smart contracts, bridges and pools are slowly replacing the old hypertrophied whales. Around 28% of Ethereum capital already relies on these automatic infrastructures.
This mechanism looks more like an artificial brain than a simple classic speculative market.
The figures that still shake up crypto dashboards
- Bitcoin dominance: sudden return above 61% since November 2025;
- Binance altcoin volumes: rapid increase from 31% to now 49%;
- BTC price: $81,104 as of current writing;
- TOTAL3 is now approaching 765 billion after several extremely complicated months;
- AltSeason Index: only 28.6 despite the gradual awakening of the crypto market.
The crypto market remains suspended between algorithmic euphoria and biological prudence. Yet bitcoin has recently emerged from a prolonged phase of fear after an extremely nervous 108 days. This psychological shift could now open a trajectory towards $100,000. Altcoins are still awaiting their true release sequence.
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