The Altcoin Season Index, tracked by CoinMarketCap (CMC), recorded a value of 47 as of January 8, 2025. This indicates the ongoing Bitcoin season with Bitcoin maintaining its dominance.
What Is the Altcoin Season Index?
The Altcoin Season Index is a key metric to evaluate whether altcoins are outperforming Bitcoin over a 90-day period. Altcoin Season occurs when at least 75% of the top 100 coins (excluding stablecoins and wrapped tokens) outperform Bitcoin. Conversely, Bitcoin Season is when 25% or fewer of these coins outperform Bitcoin. The index ranges from 1 to 100: higher scores favor altcoins, while lower scores favor Bitcoin dominance.
Current Market Dynamics
Bitcoin continues to outperform most altcoins, which is reflected in the 47 index value. Bitcoin's recent rally to $100,000 has further solidified its leading position. The current index reading shows the market leaning closer to Bitcoin Season.
Factors Influencing the Altcoin Season Index
Bitcoin's recent surge has caused many altcoins to underperform in relative terms. Large inflows into Bitcoin ETFs have likely diverted funds from altcoins. Additionally, the recent decline in the Crypto Fear & Greed Index to 70 (Greed) suggests a cooling off of overly bullish sentiment, which may affect speculative altcoin investments.
The Altcoin Season Index remaining at 47 confirms the ongoing Bitcoin Season as a sign of Bitcoin's dominance. While this suggests limited short-term opportunities in the altcoin market, it could also mean a chance for strategic accumulation before the next altcoin cycle.
