I noticed that the altcoin season index continues to gradually increase. It went from 30 a month ago to 48 today, which means we're not really in altcoin season yet, but we're getting close. The index measures how many of the top 100 cryptocurrencies outperform Bitcoin over the past 90 days, and 48/100 is a signal that altcoins are starting to move.

What struck me is the performance of certain projects right now. River skyrocketed by 656%, Kite by 145%, and even more well-known ones like LayerZero (+58 %) or TRON (+5.77 %) are doing better than Bitcoin, which has fallen by 15.7%. This clearly shows how quickly the altcoin season index can change when small caps start gaining ground.

For it to truly be altcoin season, at least 75% of these 100 projects would need to outperform BTC. We're still far from that, but the upward trend of the index suggests we might get there. Keep a close eye on it if you're trading altcoins right now.