Bitcoin Will Dominate the Last Quarter- Altcoin Season Index Down To 36

The altcoin season index has trailed below 40. An ominous signal that altcoins are going to underperform? 

A good day for traders. Today, most crypto trackers predict that the altcoin season may be delayed, but a bitcoin season is certainly beginning. At the advent of January, people asked- is the altcoin season over? Back then the altcoin predictions were still better.  

But the fresh altcoins season index has cleared all clouds. While the index prediction for this month is yet to come, the December 2024 index is enough to indicate a clear steak. The index hit 64 in December, suggesting an imminent rise in altcoins.  

Cut to February. The index reads 36. An evident number suggests the season still belongs to Bitcoin.  

Is Bitcoin the Season’s Hero for Real? 

The Altcoin index says that Bitcoin is here to dominate the market and is reasonable only. Despite the odds of the broader market and some eccentric decisions by President Trump, Bitcoin has held the fort.  

The coin is trading stably above $96,000. Meanwhile, this week’s performance suggests that Bitcoin will surely not drop anywhere near its January low of $94,000.  

Maartunn Disagrees 

A popular CryptoQuant analyst Maartunn is ready to disagree with the broader market predictions. His analysis predicts that Bitcoin is soon to enter a bearish phase. But what made him so sure about his prediction? 

He took cues from this week’s Inter Exchange Flow Pulse Indicator. The movement of Bitcoin prices between derivatives and the spot market does not suggest a rising flow. That’s an assured red flag, so far as Bitcoin is concerned. But Martunn also confirms that Bitcoin’s price won’t drop like anything. The coin will touch a resistance level before facing a nosedive. So, there’s time for healing!  

What Happens with Altcoins? 

The biggest challenge for Altcoins for the last 3 months has been the rate of liquidation. Almost 20 to 25 new coins (with some traction) have been launched during this phase, suggesting that there are excess products in the market. In all, more than 60,000 new coins were launched in January alone. February’s stats are yet to come in.  

Let’s take a look at what Bobby Ong of CoinGeco tweeted on Feb 14th.  

2/ Back in 2022-2023, around 50k new tokens were minted every month.

Fast forward to Q4 2024, and we’re seeing 400k new tokens/month – with January 2025 hitting a record 600k new tokens created per month! 🤯

That’s 12x growth in just over a year. pic.twitter.com/KZkG4hmEJd

— Bobby Ong (@bobbyong) February 14, 2025

Despite the mammoth numbers, only a handful of coins perform well. Ripple’s RP is certainly the one to look up to. The others would be TH, SLNA, and PolkaDot. But none of these coins have performed well in a stretch. XRP for instance is down by 3.56% in the last 24 hours.  

Traders’ takes 

Traders don’t need to be marred by bearish predictions. Instead, let’s focus on the slightest ray of hope that still lingers around altcoins. The 90-day moving average data shows that Ripple has risen 143%. Others have also followed suit.  

Empirical data still shows that it is Bitcoin season. But for how long and to what end? Keep an eye on the market for the next 2 months to be certain!