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Altcoin momentum is fading while Bitcoin continues to lead.
The Altcoin Season Index peaked near 50 and slipped back to ~41, showing failed follow-through in altcoin strength.
Rebounds in altcoin market cap keep stalling, with buyers unable to sustain upside.
With the index still well below the 75 altseason level, the market remains in a Bitcoin-led phase rather than broad expansion.
For now, it looks like a reset phase $BTC dominance holding while alts wait for real conviction to return.