Bitcoin has recently been unable to break through the $100,000 resistance level and is in a consolidation phase, with funds flowing into altcoins, which are rising in succession.
The 'Altcoin Season Index' from Blockchain Center evaluates altcoin season based on specific criteria, where an altcoin season is declared if 75% of the top 50 altcoins outperform Bitcoin over the past 90 days.
Currently, this index has surged in recent days, breaking the critical line of 75 to reach 78, indicating that 78% of the top 50 altcoins have outperformed Bitcoin over the past 90 days.
According to this standard, altcoin season has arrived, and some older altcoins are expected to reach new highs in this bull market, though it remains unclear which ones.
