The Altcoin Season Index is currently stuck at 39, and it hasn't broken the 50% mark for two years. Just look at the performance of altcoins now — the majority of them are still lying below the deep bear market levels of 2022. At this pace, it's unlikely we'll see a comeback in the altcoin season this year. Mainstream coins are in a bull market, but those small coins on the sidelines are still struggling at the bottom, and the difference is quite significant.