Bitcoin News Today: Shitcoin Season Index Hits 35 as Altcoins Outperform Bitcoin

The Shitcoin Season Index, a real-time indicator used to gauge whether the cryptocurrency market is entering an altcoin-dominated phase, has climbed to 35, suggesting a potential shift in market dynamics. According to CoinMarketCap data, this means approximately 35 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in price growth over the past 90 days [1]. The index dropped to 29 on August 11 before rebounding, indicating growing interest in smaller, speculative tokens [1].

This development aligns with historical patterns where altcoins tend to gain traction when the index falls below 50, especially between 35 and 40 [1]. Ethereum, one of the leading altcoins, has benefited from this trend, with its price rising above $2,800 in recent days [2]. While Bitcoin remains the dominant asset, the increased activity among altcoins suggests that investors are beginning to diversify their holdings.

The rise in altcoin interest has also drawn attention to meme coins and other speculative tokens, particularly on the Solana network. These tokens, often with little intrinsic utility, have gained momentum due to community-driven hype and viral marketing [3]. Market observers note a mixed performance across the altcoin spectrum, with some tokens posting double-digit gains, while others face high volatility and short-term corrections [3].

Despite the positive signals, analysts caution that an altcoin season, if it materializes, is expected to last only one to two months [2]. This short window means traders must time their entries carefully to capture peak gains without overexposure to sharp declines. Seasoned traders are already using the index to adjust position sizes and refine exit strategies [2].

The Shitcoin Season Index reaching 35 underscores the evolving landscape of the cryptocurrency market, where altcoins are showing early signs of strength. As Ethereum continues its upward trajectory and smaller tokens attract renewed interest, participants are advised to remain informed and adaptable. The coming weeks will be key in determining whether this is the start of a broader altcoin rally or a temporary fluctuation.

Source:

[1] "What is altseason and is one coming in 2025/2026?" (https://finst.com/en/learn/articles/what-is-altcoin-season)

[2] "Is this a pivotal moment for Ethereum?" (https://www.facebook.com/groups/cryptogb/posts/24166249159662189/)

[3] "11 Best Solana Meme Coins to Buy in August 2025" (https://www.reddit.com/r/Cryptocurrency/comments/1mn7vjs/how_to_take_profits_like_a_pro_during_the/)