The Altcoin Season Index suggests that altcoins may soon outperform BTC, regardless of whether Bitcoin goes up or down.

This happens because many altcoins are already going through a price stabilization process, while BTC still has room for another downside move, as it remains at elevated levels above $87K.

We are seeing a setup similar to 2019 or 2022, when many altcoins failed to print new lows, while the Top 10 by market cap experienced much deeper drawdowns.

Chart: @Alphractal