The CoinMarketCap Altcoin Season Index is currently below 40, indicating that altcoins are underperforming compared to Bitcoin. The index reached 64 in December 2024, signifying the start of altcoin season, but has since declined and now stands at 36. Bitcoin has remained strong above $96,000, and its next action will likely determine the direction of the overall market. However, an analyst suggests that the Inter-exchange Flow Pulse indicator is signaling a bearish trend for Bitcoin. Altcoins have faced difficulties, potentially due to the increasing number of new token launches, which has caused liquidity to spread thin. Some altcoins, such as Hyperliquid and Ripple, have performed well, while others, particularly AI tokens, have seen significant declines. The next altcoin season will depend on various factors such as macroeconomic conditions, regulatory developments, and market conditions.



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