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 . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries.