The Altcoin Season Index has dropped to 35, its lowest point since August, as major cryptocurrencies like Ethereum (ETH), BNB, and Solana (SOL) continue to lose momentum. This decline reflects a broader weakness in the altcoin market, with many tokens reversing recent gains. The index has seen a rapid fall from 72 in September and 55 last week, marking one of the year's steepest declines. In a potential turning point, up to sixteen altcoin ETF applications are pending a decision from the U.S. SEC next week. Approval could inject fresh liquidity into the market and possibly trigger a recovery across the altcoin sector.