Alt Season continues, but concentration signals a shift.

Today’s market shows an Alt Season underway, day 20 of this phase, with observed concentration at 23.0%. Low stability and only three independent voices suggest stress within the structure. This level of coupling is below the historical average for this cycle position, indicating divergence from past patterns. The current cycle sits at day 781 post-H4 halving, placing it in a post-peak zone. Historically, cycles at this point favored BTC Season (94%), contrasting with today's Alt Season. The concentration gap versus the historical average is closing, moving toward what’s been observed previously, a sign of potential reversion to prior patterns. Watch for a sustained rise in concentration that would mark a shift away from Alt Season; current reading refuted if voices contract and concentration rises above 30% for three consecutive days. See hourly reading at banger.today/lens for finer context. This is structural observation, not financial advice. Data: banger.today