ARE WE THERE YET? HERES WHY ONE ANALYST SAYS ITS NOT ALTCOIN SEASON

Last updated: June 19, 2025, 22:27 | Written by: Brad Garlinghouse

Are We There Yet? Heres Why One Analyst Says Its Not Altcoin Season
Are We There Yet? Heres Why One Analyst Says Its Not Altcoin Season

The cryptocurrency market is a rollercoaster of emotions, with investors constantly seeking the next big opportunity.One of the most anticipated events is the elusive altcoin season, a period where altcoins (cryptocurrencies other than Bitcoin) significantly outperform Bitcoin in terms of price appreciation. [ Ma ] Da Vinci casino slot arctic bear Expensive diamonds Twin Play Position Review 2025 Free Play Demo Bitcoin [ Ma ]For months, altcoins have shown promising gains, leading many to believe that altseason has finally arrived. Analyst Says It s Time to DCA [ ] Bitcoin Flooding Into Binance Ahead of CPI Announcement Bitcoin [ ] Bitcoin Bulls Crushed: $500 Million Liquidation Shakes Market ConfidenceThe question on everyone's mind is: are we there yet?Is it finally time for altcoins to shine? Top crypto analysts say altseason hasn't started yet, citing weak retail flow and low altcoin-to-BTC ratios.However, not everyone is convinced. Cointelegraph: A number of analysts claim we re in an altcoin season, or at least right at the verge of one. Some are looking at support/resistance flips and fractals on altcoin market cap charts (isolated from BTC s market cap) to make convincing arguments.Jarvis Labs analyst Ben Lilly, among others, suggests we may not be in a full-blown altcoin season just yet. The consensus among analysts is that altcoin season will arrive, but its scale and scope remain uncertain. Institutional interest in Bitcoin has reshaped the market, reducing the direct spillover into altcoins.This begs the question: what factors determine whether we are truly in an altseason, and what are the indicators to watch out for?This article will delve into the current state of the crypto market, analyze the arguments for and against altcoin season, and provide insights to help you navigate this complex landscape.From the Altcoin Season Index to Bitcoin dominance, we'll explore the key metrics and expert opinions that can help you make informed decisions about your crypto investments.

Understanding the Altcoin Season Phenomenon

Altcoin season, or ""altseason,"" refers to a period in the cryptocurrency market when alternative cryptocurrencies (altcoins) experience substantial price increases, often outperforming Bitcoin.This phenomenon is driven by a variety of factors, including increased investor interest, new technological developments, and shifts in market sentiment. For many, altcoin season might exist when both BTC and altcoins move higher. This is opposed to Bitcoin rising while altcoins remain flat or drop. I think this is a fair view of altcoin season, but it s not necessarily one I subscribe to. Simply because if this is a definition for altcoin season, it s not a compelling reason for me to moveThe anticipation of altseason often leads to increased trading activity and potential profit opportunities, making it a highly sought-after period for crypto investors.But what are the key characteristics that define a true altseason?

Defining Characteristics of Altseason

While there's no universally agreed-upon definition, several key indicators can help identify an altcoin season:

  • Outperformance of Bitcoin: This is the most fundamental characteristic. Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we re not in an alt season just yet. Are we there yet? Here s why one analyst says its not altcoin season - InstaCoin.NewsAltcoins, on average, need to be generating higher returns than Bitcoin over a sustained period.
  • Capital Rotation: Money often flows from Bitcoin into altcoins, seeking higher potential gains.This is often accompanied by a decrease in Bitcoin dominance.
  • Increased Trading Volume: Altseason is usually characterized by a surge in trading volume for altcoins.
  • Social Media Buzz: Increased discussions and positive sentiment surrounding altcoins on social media platforms often accompany an altseason.
  • Altcoin Season Index: Indices like the one from Blockchaincenter.net track the performance of the top 50 altcoins against Bitcoin over the past 90 days. 8.1M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.A reading above 75 indicates altcoin season.

It's important to note that altcoin seasons can vary in intensity and duration. Newer crypto sectors like DeFi and meme coins have recorded notable increases over the past couple of months, but it s still uncertain if we re standing on the verge of a full altcoin season (aka altseason) or we re just seeing isolated rallies, to a report by blockchain analytics platform Nansen.Meme Coins Lead the PackSome are short-lived bursts of activity, while others can last for several months.

The Case Against Altcoin Season: Analyst Perspectives

Despite the recent gains in altcoins, several analysts remain cautious about declaring the arrival of altseason.Their arguments are based on various factors, including market indicators, institutional behavior, and the overall economic climate.

Ben Lilly's Analysis: More Than Just Price Action

Jarvis Labs analyst Ben Lilly argues that simply observing rising altcoin prices is not enough to confirm an altseason.He emphasizes the importance of considering underlying factors such as institutional investment, market liquidity, and the overall health of the crypto ecosystem.According to Lilly, while some altcoins have performed well, the market hasn't seen the widespread capital rotation from Bitcoin to altcoins that typically characterizes a true altseason.

Lilly's analysis likely considers the following:

  • Bitcoin Dominance: If Bitcoin's market dominance remains high, it suggests that capital is still primarily flowing into Bitcoin rather than altcoins.
  • Institutional Interest: Strong institutional interest in Bitcoin can divert capital away from altcoins.
  • Market Liquidity: Low liquidity in the altcoin market can make it difficult for altcoins to sustain significant price increases.

The Altcoin Season Index: A Data-Driven Approach

The Altcoin Season Index, tracked by platforms like Blockchaincenter.net, provides a data-driven perspective on whether altseason is underway.This index measures the percentage of the top 50 altcoins that have outperformed Bitcoin over the past 90 days. What the Altcoin Index Tells Us. Right now, the Altcoin Season Index says it s still Bitcoin season. BTC is outperforming most altcoins, which means the full altcoin rally hasn t started yet. To officially call it altcoin season, 75% of the top 50 altcoins need to beat Bitcoin s performance over the past 90 days.A reading of 75% or higher is generally considered indicative of altcoin season. Here s why one analyst says its not altcoin season cointelegraph.com, UTC Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an altcoin season.Currently, the Altcoin Season Index often fluctuates below 50, suggesting that Bitcoin is still outperforming a significant portion of the altcoin market. What Does the Altseason Indicator Say? Additionally, analyst Michael van de Poppe noted that the Altcoin Season Index indicated a lack of altcoin season. Registering a value of 47, fluctuating below 50, this index signals a predominance of Bitcoin over altcoins.Analyst Michael van de Poppe also noted the low reading of the Altcoin Season Index, reinforcing the argument against altseason.

Weak Retail Flow and Altcoin-to-BTC Ratios

Other top crypto analysts point to weak retail flow and low altcoin-to-BTC ratios as reasons why altseason hasn't started yet. Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we re not in an alt season just yet. Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.Retail flow refers to the amount of money being invested by individual, non-professional traders.If retail flow is weak, it suggests that there isn't enough grassroots demand to drive a broad altcoin rally. Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we re not in an alt season just yet. Few traders would argue against the fact that Bitcoin is in a bullAltcoin-to-BTC ratios compare the price of an altcoin to the price of Bitcoin. Is It Altcoin Season Yet? The big question: Is it altcoin season now? Based on the latest data, not quite but the tides might be shifting. Altcoin Season Index Source: blockchaincenter.net. The Altcoin Season Index currently sits at 35, signaling we're still in Bitcoin Season. This means less than 20% of altcoins have outperformed BitcoinIf these ratios are low, it indicates that altcoins are underperforming Bitcoin.

The Case For Altcoin Season: Signs of Potential

While some analysts are skeptical, others point to evidence suggesting that altcoin season might be on the horizon, or at least that certain sectors within the altcoin market are experiencing significant growth.

Meme Coins and DeFi: Leading the Charge

Certain sectors within the altcoin market, such as meme coins and DeFi (Decentralized Finance) tokens, have recorded notable increases in recent months. Says Svenson, Looking at the weekly, it [Bitcoin dominance] is starting to come down. We haven t really gotten a lower low just yet but we have broken the trend line. And we do have lower highs . Bitcoin dominance is likely going to begin coming down and that initiates altseason historically. Source: Kevin Svenson/YouTubeThis has led some to believe that while a broad altseason may not be here yet, specific niches within the altcoin market are experiencing their own mini-bull runs.These pockets of growth could be precursors to a broader altseason.

For example:

  • Meme Coins: Driven by social media hype and community sentiment, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have seen explosive growth at times.
  • DeFi Tokens: Projects in the DeFi space, which aim to provide decentralized financial services, have also attracted significant attention and investment.

Technical Indicators: Breakouts and Trend Reversals

Some analysts are looking at technical indicators, such as support/resistance flips and fractals on altcoin market cap charts, to make arguments in favor of altcoin season.A breakout of a falling wedge pattern on the TOTAL2 chart (the total market cap of all cryptocurrencies excluding Bitcoin) has been interpreted as a bullish signal for altcoins.The TOTAL3 chart (total market cap excluding Bitcoin and Ethereum) also shows a similar upward trend, reinforcing this perspective.

Keep an eye on these technical indicators:

  • Support/Resistance Levels: When an altcoin breaks through a key resistance level and turns it into support, it's a bullish sign.
  • Trend Lines: Breaking above a downward trend line can signal a potential trend reversal.
  • Chart Patterns: Patterns like falling wedges, ascending triangles, and head and shoulders patterns can provide clues about future price movements.

Ethereum's Potential Contribution

Popular crypto analyst Ali Martinez noted a strong demand zone for Ethereum (ETH) around $3,000, with a large number of addresses accumulating ETH at that price level.This suggests strong support for Ethereum, which could contribute to an overall altcoin season, given Ethereum's dominance as the platform for many altcoins.He believes altcoin season typically begins months after the Bitcoin halving event, usually in the second half of the year.

Navigating the Altcoin Market: Strategies and Considerations

Whether or not we're in a full-blown altcoin season, the altcoin market offers both opportunities and risks.Here are some strategies and considerations to help you navigate this complex landscape:

Diversification: Don't Put All Your Eggs in One Basket

Diversifying your portfolio across a range of altcoins can help mitigate risk.Instead of investing heavily in a single altcoin, consider spreading your investments across multiple projects with different use cases and market caps.This is especially crucial in the volatile altcoin market.

Do Your Research: Due Diligence is Key

Before investing in any altcoin, conduct thorough research.Understand the project's fundamentals, team, technology, and market potential.Look for projects with strong use cases, active communities, and experienced developers.Avoid investing in projects based solely on hype or speculation.

Consider these factors in your research:

  • Whitepaper: Read the project's whitepaper to understand its goals, technology, and roadmap.
  • Team: Investigate the team behind the project and their experience in the blockchain industry.
  • Community: Assess the strength and engagement of the project's community on social media and forums.
  • Tokenomics: Understand the token's supply, distribution, and utility.
  • Audits: Check if the project's code has been audited by reputable security firms.

Risk Management: Protect Your Capital

Implement sound risk management strategies, such as setting stop-loss orders and taking profits along the way. He says the altcoin season begins in the second half, months after the halving event. The trader says that Ethereum experienced an initial rise heading into October 2025 and October 2025, both BTC halving years, followed by more massive increases during what he considers the altcoin season. So Ethereum, we have two cycles to look at here.Only invest what you can afford to lose, and avoid emotional trading based on fear or greed.Remember that the altcoin market can be highly volatile, and prices can fluctuate dramatically.

Stay Informed: Keep Up with Market Trends

Stay up-to-date on the latest news and developments in the cryptocurrency market. Are we there yet? Here s why one analyst says its not altcoin season Are we there yet? Here s why one analyst says its not altcoin seasonFollow reputable crypto news sources, analysts, and influencers to stay informed about market trends, emerging technologies, and regulatory changes. This development, as well as a breakout of a falling wedge on the TOTAL2 chart suggests altcoin season is close. The TOTAL3 has risen nearly in line with TOTAL2, with prominent investors predicting substantial upswing for altcoins.This will help you make more informed investment decisions.

Consider Dollar-Cost Averaging (DCA)

Dollar-cost averaging (DCA) involves investing a fixed amount of money at regular intervals, regardless of the price. 2.3M subscribers in the ethtrader community. Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memesThis strategy can help you smooth out the volatility of the market and potentially lower your average cost per coin.It's a good strategy for long-term investment in volatile assets.

Looking Ahead: The Future of Altcoins

The future of altcoins remains uncertain, but several factors suggest that they will continue to play a significant role in the cryptocurrency ecosystem.As the market matures, altcoins are likely to become more specialized, focusing on specific use cases and industries. Popular crypto analyst Ali Martinez noted that there s a strong demand zone at $3,000 as 2.82 million addresses accumulated over 6.14 million ETH. It will act as a strong support for an Ethereum rebound in order to contribute to the altcoin season.New technologies and innovations will continue to drive the development of new altcoins, creating opportunities for investors who are willing to do their research and take calculated risks.

Potential catalysts for future altcoin growth include:

  • Continued Development of DeFi: The DeFi space is still in its early stages, and further innovation could lead to widespread adoption and increased demand for DeFi tokens.
  • Growth of the Metaverse: The metaverse, a virtual world where users can interact and transact, is another promising area for altcoins. Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we re not in an alt season just yetTokens used within metaverse platforms could see significant growth.
  • Increased Institutional Adoption: As institutions become more comfortable with cryptocurrencies, they may begin to allocate capital to altcoins, driving up prices.
  • Regulatory Clarity: Clear and consistent regulations could help to legitimize the altcoin market and attract more investors.

Conclusion: Navigating the Uncertainties of Altseason

So, *are we there yet*? A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin.While some indicators suggest that altcoin season may be on the horizon, the consensus among many analysts, like Ben Lilly, is that it's not quite here yet.Factors such as Bitcoin dominance, weak retail flow, and a low Altcoin Season Index reading suggest that Bitcoin is still the dominant force in the crypto market.However, certain sectors, such as meme coins and DeFi tokens, have experienced significant growth, indicating that opportunities exist within the altcoin market. Altcoins have been on a real tear for months, but Jarvis Labs analyst Ben Lilly says we re not in an alt season just yet.To navigate this complex landscape, it's crucial to diversify your portfolio, conduct thorough research, implement sound risk management strategies, and stay informed about market trends.Whether we're in altcoin season or not, the cryptocurrency market is full of opportunities for those who are willing to do their homework and make informed decisions.Remember to consider both the potential rewards and the inherent risks involved in altcoin investing.

Key Takeaways:

  • A true altseason is characterized by the outperformance of Bitcoin by a significant number of altcoins.
  • The Altcoin Season Index is a useful tool for gauging the state of the altcoin market.
  • Diversification, research, and risk management are essential for navigating the altcoin market.
  • Stay informed about market trends and be prepared for volatility.

Brad Garlinghouse can be reached at [email protected].

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