@estelleftss

Detecting alt season involves triangulating several metrics. First, check the altcoin/BTC price index to see if alts are outperforming. Second, monitor the altcoin market cap share of total crypto—it tends to rise significantly during alt season. Third, track on-chain metrics: surging transaction volume, smart contracts, and unique wallet counts on alt blockchains show real usage. Fourth, examine derivatives markets: high open interest and positive funding rates for alt tokens point to strong trader positioning. Fifth, assess sentiment: increasing social mentions of specific alts, search trend volume, and enthusiasm indicators provide confirmation. Alt season manifests when these factors align in bullish direction for altcoins.

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