As Bitcoin continues to break records, analysts have made notable comments about altcoin season and the current state of BTC.
The leading cryptocurrency Bitcoin (BTC) reached a new peak by reaching $ 106,500 with a strong rise during the night hours. US President Donald Trump's strategic reserve statements played an important role in this rise of BTC.
The increase in BTC also contributed to the increase in altcoins by 10% to 15%. In particular, there were noticeable increases in popular altcoins such as ENA, HYPE, and ONDO.
Crypto analysts made important assessments about the future of BTC and the state of altcoins, warning investors against the possibility of a possible decline.
Famous trader and analyst Crypto Rover attracted attention with his post on the X platform.
Analyst Crypto Rover stated that the altcoin season is over. Rover emphasized that Bitcoin's dominance has increased again and that this will have negative effects on altcoins. Sharing a graph showing the relationship between the altcoin season and the Bitcoin season, Rover said:
"Altcoin season is over. I'm selling everything in panic."
The crypto community, on the other hand, argued that Rover’s statement created an unnecessary atmosphere of fear and that altcoins had not yet started their bull run.
Another well-known analyst, Michael van de Poppe, has recently drawn attention to the increasing long positions. Poppe stated that the increasing risk appetite in futures could lead to a potential liquidity collapse. The analyst stated that a major decline could occur if BTC loses the $102,000 level.
Poppe made the following statement:
"If BTC stays above $102,000, we can target $110,000. Good days ahead."
Ali Martinez, known for his predictions during the US presidential elections, stated that the market peak is approaching and long-term BTC holders usually sell when the peak is near. Martinez said that the major sales in 2017 and 2021 support this theory. He also stated that a similar pattern is starting to form right now.
As is known, long-term Bitcoin holders have sold approximately $90 billion worth of BTC in the last month.
