During the past weekend, Bitcoin (BTC) and Ethereum (ETH) traded steadily, while Solana (SOL) performed impressively, rebounding about 17% from Friday's lows. With the pro-crypto Trump administration taking office, SOL and other altcoins seem to be regaining market attention. Does this signal the arrival of altcoin season?
Past experiences suggest that altcoin season may be approaching
QCP Capital's latest market analysis report points out that in the past, whenever the market entered a consolidation phase following significant increases in BTC and ETH, liquidity often flows into smaller market cap altcoins. Currently, BTC's market share is about 60%, and historical data shows that when this figure falls below 58%, altcoin season typically follows.
However, QCP Capital believes that investors may not yet be fully prepared to shift to altcoins, as Bitcoin still seems to have the potential to surge past the $100,000 mark.
Political and policy benefits boost
Nevertheless, QCP Capital further points out that with the Trump administration expected to promote more pro-crypto policies, along with the Federal Reserve's potential for further rate cuts, the market atmosphere is favorable for the overall development of cryptocurrency assets. Analysts expect that altcoin season could fully kick off in the coming months.
Bitcoin still maintains strong buying interest
Despite net outflows from Bitcoin ETFs last Thursday and Friday, BTC's support remains significant. Institutional investors are maintaining steady adoption of cryptocurrencies. According to data from Soso Value, U.S. spot ETFs saw a net inflow of approximately $250 million yesterday.
Meanwhile, MicroStrategy also released news yesterday about additional Bitcoin purchases, and listed companies such as Japan's Metaplanet and the U.S.'s Genius Group have followed suit, starting to buy Bitcoin as a reserve asset. As political and institutional support gradually converges, the market's prediction of Bitcoin reaching the $100,000 target no longer seems like an unattainable dream.
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