Altcoin Season Index at 36 Signals No Broad Rally Yet

The Altcoin Season Index stood at 36 on June 3, well below the 75 threshold needed to confirm an altcoin season. Bitcoin dominance climbed above 59.88% over the weekend while Ethereum continued to lag. Earlier reporting on June 1 highlighted the same divergence: Bitcoin rose 6% in Q2 with dominance near 60%, the OTHERS/BTC ratio gained 14.5% in May, yet the Altcoin Season Index fell more than 10% and Ethereum remained 60% below its cycle high with DeFi TVL near $40 billion. Data through early June therefore point to selective token strength rather than a broad market rotation.