The Crypto Fear & Greed Index is sitting at 11. The Altcoin Season Index at 38, firmly in Bitcoin Season territory. And the crypto community is more divided than it has been all year.

On one side: “Most altcoins will die,” wrote Altcoin Daily today, a sentiment also echoed by Ash Crypto, who put it plainly – altcoins have been in a bear market since 2021.

On the other: trader Kazi is warning his followers that when alt season finally arrives, “it’s going to be like nothing you’ve EVER seen before.”

Who is right about this? Both camps have data. That’s what makes this interesting.

40% of Altcoins Are Near All-Time Lows

The numbers behind the bearish case are hard to dismiss. More than 36 million tokens now exist. Around 40%…