Most Altcoins Have Lagged Behind Bitcoin Over the Last 90 Days

According to CoinGlass, as of the analysis on November 12, 2026, the altcoin season index was at 42 points. This is below the threshold of 75, which typically indicates a broad outperformance of Bitcoin by other cryptocurrencies over 90 days. The dynamics of individual tokens, however, differed significantly from the overall market picture.

Which Altcoins Outperformed Bitcoin

According to CryptoRank, over the past 90 days, Bitcoin has increased by approximately 16.8%, and 31 assets from the tracked sample managed to outperform it. Among the leaders were Bitway (BTW) with a growth of about 218%, Quant (QNT) – 184%, Midnight (NIGHT) – 169%, and Raydium (RAY) – 152%. The growth of individual coins does not indicate the start of a general altseason.

Large assets, including Solana (SOL), BNB, and Chainlink (LINK), gained less than Bitcoin over the same period. Therefore, the index remained significantly below the level at which it is customary to speak of an altcoin season. The methodologies and samples of services differ, so their indices may not coincide.

Bitcoin's Share Remains Around 60%

At the time of the initial analysis, the share of BTC in the total market capitalization of the crypto market was about 60.9%. This indicator is called Bitcoin dominance: it reflects the share of BTC's capitalization relative to the entire market, not the volume of purchases or sales. On the weekly chart, the authors of the analysis highlighted a narrowing range, the upper boundary of which is near 61–61.5%.

What Dominance Levels Might Indicate

Analysts consider consolidation of dominance above 61.5% as a possible sign of BTC's relative strength. A decline below 58%, on the other hand, could be accompanied by strengthening positions of altcoins. However, these levels are based on technical analysis and do not guarantee either token growth or the start of a new market cycle.

To assess the situation, it is important to compare dominance with the 90-day asset returns and the altcoin season index. A change in BTC's share alone is not enough to conclude a return of demand for the entire segment.