$BTC The CoinMarketCap Altcoin Season Index has fallen to 17, its lowest level since its creation, indicating that only 17 of the top 100 altcoins have outperformed Bitcoin in returns over the past 90 days. This decline suggests a continued dominance of Bitcoin in the market.

Analysts' Perspectives and Influencing Factors

Some analysts maintain an optimistic view, noting that historically, low levels in this index have preceded significant rallies in altcoins. However, other experts, such as CryptoQuant CEO Ki Young Ju, warn that most altcoins may not experience a widespread rally in 2025 unless they have solid fundamentals and robust revenue models.

Additionally, the influx of institutional capital, especially through Bitcoin ETFs, could favor Bitcoin and Ether, limiting the flow to other altcoins. Standard Chartered predicts that Bitcoin could reach $200,000 by the end of 2025, which could curb an intense altcoin season.

Conclusion

Although there are signs that could anticipate an upcoming Altcoin Season, such as the decrease in Bitcoin's dominance and the increase in trading volume of some altcoins, the overall outlook suggests caution. Attention seems to be focused on projects with solid fundamentals and real utility, while altcoins lacking these characteristics may not benefit significantly in the short term.