Altcoin Season May Never Come

Prominent crypto analyst Duo Nine has asked a question no one wants to hear: “What if altcoin season never comes?”, citing multiple data points to support his view.

Altcoin season is an informal term that describes a phase where investing in altcoins offers better returns than investing in Bitcoin (BTC).

Analyst explains why altcoin season is delayed

Following the fourth Bitcoin halving, the main focus in the crypto market, along with the approvals and launch of Ethereum ETFs, has been anticipation of altcoin season. Several key events typically lead to this phase

First, new capital enters the crypto market, initially flowing into stablecoins, Bitcoin or Ethereum. These assets are prioritized due to their relative stability compared to smaller-cap cryptocurrencies. This influx of capital then ignites a market rally

Finally, profits from these assets begin to flow, along with additional capital

This rotation of capital is what triggers altcoin season. According to the Altcoin Season Index, crypto markets are still in Bitcoin season right now.