Alt Season continues in a structurally different post-peak cycle.

Concentration sits at 22.5%, alongside three independent voices and low stability, day 787 of the halving cycle. This level of concentration is below the historical average for this point in the cycle, indicating less coupling to a single factor. The market remains in an Alt Season, though historically, cycles at this stage often favor BTC dominance. Cycle context: Day 787 post-H4 places the market firmly within the post-peak zone. Historically, this position saw a greater concentration of power; today’s gap is stable, neither closing nor widening, suggesting a divergence from prior cycle behavior. This cycle has been structurally different from prior cycles. Watch for a sustained rise in concentration that would mark a shift toward BTC Season, and see hourly reading at banger.today/lens for finer context. The current reading refuted if voices contract significantly for three consecutive days. Data: banger.today