Alt Season begins, but structure remains historically divergent.

Concentration sits at 23.6%, alongside 3 voices, indicating a degree of market coupling. This is day 762 of the halving cycle, and market stability remains low. The market is exhibiting a sideways structural regime, despite the shift into Alt Season. Cycle context places the market in the post-peak zone, 762 days post-H4. Historically, at this point in the cycle, BTC Season was observed 94% of the time, but the current gap between today’s concentration and the historical average is widening, diverging further from past patterns. Watch for a sustained rise in concentration, which would mark a shift away from the current Alt Season structure. See hourly reading at banger.today/lens for finer context; the current reading is refuted if BTC dominance consistently exceeds 55% for three consecutive days. This is structural observation, not financial advice. Data: banger.today