Coinbase expects a full-scale altcoin season starting September

Crypto exchange Coinbase has released a report on its official website titled "Monthly Outlook: Altcoin Season Cometh," expecting a positive outlook for Q3 this year and a full-scale altcoin season starting September. An altcoin season generally refers to a period in which at least 75% of the top 50 altcoins by market capitalization have outperformed Bitcoin over the past 90 days. According to the report, Bitcoin's market dominance has dipped from 65% in May to the current 59%, hinting at the early stages of capital rotation into altcoins. As per CoinMarketCap data, the Altcoin Season Index now stands at 40, far below the historical threshold of 75 for an altcoin season. From a macroeconomic perspective, however, Coinbase's outlook for a significant increase in liquidity remains unchanged. The exchange highlighted that "with the altcoin market cap climbing and the Altcoin Season Index showing early positive signals, we believe conditions are setting up for a potential rotation into a more mature altcoin season as we head into September."