Though the market restoration in February stays fragile, it has revealed a number of notable indicators. These indicators have led analysts to count on that an altcoin season may emerge in March.
Nevertheless, investor sentiment stays cautious, with capital nonetheless favoring Bitcoin over altcoins, which may hinder a broader restoration.
Hope Returns to the Altcoin Market in March
Knowledge from CryptoQuant exhibits that solely about 5% of altcoins listed on Binance are buying and selling above their 200-day easy shifting common (200-day SMA). Because of this 95% stay under this stage, reflecting the present weak efficiency of altcoins.
Proportion of Binance Altcoins Above or Under the 200-Day SMA. Supply: CryptoQuant.
Nevertheless, historic patterns supply a glimmer of hope. Over the previous two years, this ratio usually stayed under 15% for a most of 5 months earlier than rebounding. This sample appeared throughout the June–October 2024 interval and once more from February to June 2025.
The ratio started declining in October final 12 months and has now reached the top of its fifth month. This growth raises expectations of a possible demand increase, as traders might view most altcoins as having fallen to engaging value ranges.
In the meantime, a number of analysts have recognized early constructive indicators on the OTHERS/BTC chart in February, which tracks whole altcoin market capitalization excluding Bitcoin in opposition to BTC.
Analyst Blade famous that the chart exhibits potential reversal indicators on the month-to-month timeframe. The MACD indicator has crossed above the sign line and fashioned its first inexperienced histogram bar since early 2024. Related indicators appeared earlier than main altcoin rallies in 2017 and 2020.
“Momentum shift plus structure compression usually precede expansion. The biggest altseason is coming,” Blade predicted.
These elements have strengthened expectations that altcoins may publish a restoration in March.
Altcoin Traders Stay Cautious
For a extra balanced perspective, knowledge from CryptoQuant signifies that the ratio of altcoin buying and selling quantity to Bitcoin buying and selling quantity on centralized exchanges (CEXs) has fallen to its lowest stage prior to now 12 months.
In 2025, the ratio peaked at round 3.5. It then step by step declined, falling under 2.5 by late final 12 months and persevering with to hover close to 2.2 in early 2026.
This development exhibits that investor expectations for an altcoin season stay weak. Capital continues to pay attention primarily on Bitcoin, leaving altcoins comparatively uncared for on centralized exchanges. A real altcoin season might require sustained capital rotation and contemporary inflows into the market.
On the time of writing, the Altcoin Season Index stands at 43, nonetheless removed from the 75-point threshold wanted to verify an altcoin season.
A current report by BeInCrypto said that the altcoin market has confronted 13 consecutive months of web promoting. Even when an altcoin season materializes, it’s prone to be selective and pushed by sturdy fundamentals.
