The Altcoin Season Index, tracked by CoinMarketCap (CMC), remained at 46 as of 00:38 UTC on January 31, indicating that the market continues to favor Bitcoin (BTC) over altcoins.
With this score, the market is currently in Bitcoin Season, meaning that most altcoins are underperforming relative to BTC.
Understanding the Altcoin Season Index
The Altcoin Season Index measures whether altcoins or Bitcoin are leading market gains over the past 90 days.
How the Index Works:
📊 Range: 1 to 100 (Updated Daily)
🚀 Altcoin Season: If 75% of the top 100 altcoins outperform Bitcoin
📉 Bitcoin Season: If 25% or fewer altcoins outperform Bitcoin
Since the index remains at 46, it suggests that Bitcoin dominance continues, limiting altcoin rallies.
Why Is the Market Still in Bitcoin Season?
Key Factors Keeping Bitcoin in Control:
✅ Spot Bitcoin ETF Inflows – Institutional money is flowing into BTC rather than altcoins.
✅ Market Uncertainty – Investors favor Bitcoin’s stability over riskier altcoins.
✅ Altcoin Rotation Delayed – Historical trends suggest altcoin season follows Bitcoin’s peak.
Until altcoins start outperforming BTC on a broader scale, the index is unlikely to signal Altcoin Season.
What Needs to Happen for Altcoin Season to Begin?
📈 Altcoins Must Outperform Bitcoin – At least 75% of the top 100 coins must show stronger 90-day returns.
🔥 Increased Speculation in Altcoins – More traders need to rotate capital from BTC into altcoins.
💰 More Institutional Interest in Altcoins – Major funds must begin allocating to Ethereum (ETH) and other altcoins.
If these conditions align, the index could rise toward Altcoin Season levels.
FAQs
What is the Altcoin Season Index?
A metric that measures whether Bitcoin or altcoins are dominating market performance over 90 days.
What does an index score of 46 mean?
It indicates that Bitcoin is still outperforming most altcoins, keeping the market in Bitcoin Season.
When does Altcoin Season start?
Altcoin Season begins when 75% of the top 100 altcoins outperform Bitcoin over 90 days.
Why is Bitcoin Season continuing?
ETF inflows, market uncertainty, and investor preference for BTC over riskier altcoins.
Will Altcoin Season happen soon?
It depends on market rotation, investor sentiment, and Bitcoin’s price movements.
Conclusion
The Altcoin Season Index remains at 46, confirming that the market is still in Bitcoin Season as altcoins struggle to gain momentum.
While altcoin interest is growing, a true Altcoin Season requires stronger performance from a majority of the top 100 coins.
Until then, Bitcoin continues to dominate the market, attracting institutional capital and driving price action.
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Source: https://bitcoinworld.co.in/altcoin-season-index-remains-at-46/