Here is Why Analysts say the Altseason is Not Coming Back
Altcoins are exhibiting persistent bearish trends, signaling that an “altcoin season” is unlikely in the near future. The total market cap of all cryptocurrencies excluding Bitcoin (TOTAL2) has dropped 32% since October 10, 2024, losing key support levels and showing bearish technical signals. Most analysts indicate that capital remains focused on Bitcoin, especially following the rise of institutional interest and large inflows into Bitcoin ETFs like BlackRock’s IBIT, which amassed over $25 billion in 2025. Bitcoin dominance has climbed to 59.27%, its highest levels in recent years, and has not fallen below 50% since September 2023—a threshold that typically signals a shift into altcoin outperformance. Key market indicators confirm the weak position of altcoins: only 21% of top altcoins have outperformed Bitcoin recently, just 8% trade above their 50-day moving average, and altcoin season indexes remain at record lows. The prevailing market trend continues to favor Bitcoin, suggesting that broad rallies in altcoins are not expected soon.
