These Metrics Explain Why the Anticipated Altcoin Season Is Still Far Away Despite Recent Bitcoin...

Analysis by crypto analyst @nobrainflip suggests the long-awaited altcoin bull runs have yet to truly commence, despite Bitcoin’s recent highs. Several key metrics indicate retail investors have not fully re-entered the market, a typical precursor to previous crypto bull cycles. However, the analyst remains confident a substantial rally will eventually unfold, pointing to historical patterns.

Metrics Signaling More Upside Ahead

The analysis cites multiple data points suggesting the current market has ample room for growth before retail frenzy sets in:

Lack of Mainstream Attention

YouTube crypto views are nearly 5x lower than the 2021 peak

Google searches for “Bitcoin,” “crypto,” and “altcoins” are just 40% of 2021 levels

Major app downloads like Coinbase are nowhere near previous cycle highs

Muted Trading Activity

Overall trading volumes significantly trail the 2021 bull market despite higher Bitcoin prices

Relatively few short liquidations and hyper-speculative “0 IQ gamblers”

Delayed Altcoin Movement

Most altcoins are 80% below their all-time highs, compared to Bitcoin’s 10% deficit

Only a handful of altcoins like Render Token and Injective have set new highs

Nascent Price Impulses

Bitcoin has surged 400% from recent lows, while altcoins have risen just 180%

Typical pattern sees Bitcoin lead, followed by Ethereum, large-caps, mid-caps, meme coins

Token Dilution Headwinds

Nearly 1 million new tokens launched in May, double the historical Ethereum high

$50 million in major token unlocks hit the market daily, totaling $200 million overall

Cycle Timing Patterns

The analyst argues cyclical timing patterns from 2017 and 2021 suggest this bull market could peak around October 2025 if it follows historical norms. Previous cycles saw Bitcoin top around 880 days before the halving, after deep bear market bottoms lasting 370 days.

liquidity is yet to come!

dyor before investing