Bitget CEO Gracy Chen has warned that the long-anticipated altcoin season is unlikely to reach in 2025 and even 2026, signaling a dramatic shift in total crypto market sentiment.
Liquidity, momentum, and institutional focus have more and more shifted from these various cryptocurrencies, leaving them with restricted investor consideration and weaker value motion. The message is obvious: the golden period of altcoin hypothesis seems to be on pause—if not over solely.
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Is the Altcoin Season Over for Good?
In a latest put up on X (previously Twitter), Chen acknowledged that altcoins are “fading.” She defined that the “Black Swan” event on October 11 inflicted extreme damage on the altcoin market. It worsened an already fragile setting the place VC funding in early-stage Web3 initiatives had been drying up for over a yr.
“Retail investors trading altcoins face a terrible risk-reward ratio. Let’s be real—the alt season will not come in 2025 or 26,” Chen wrote.
Chen added that enormous capital has turn into more and more risk-averse, reflecting the broader warning available in the market. She identified that weekly buying and selling quantity throughout centralized exchanges (CEXs) has fallen by 20–40%, whereas a number of main market makers suffered liquidations after overleveraging.
The Bitget CEO described the present stage because the “doubt” section of the market cycle. This sentiment is reflected in the Crypto Fear and Greed Index, which stands at 30 throughout press time.
She emphasised that the market now wants time to get well and that merchants ought to proceed with self-discipline. According to her, solely a handful of initiatives tied to real-world use instances, equivalent to stablecoins, real-world assets (RWA), and cost infrastructure, should stand out.
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However, Chen famous that many of those initiatives are unlikely to situation tokens, additional decreasing alternatives within the altcoin house.
Bitcoin Season Is Back — and Altcoins May Not Recover Anytime Soon
The shift Chen described isn’t simply sentiment—it’s exhibiting up within the numbers. 10x Research not too long ago reported that momentum has firmly moved towards Bitcoin, whereas altcoins face declining liquidity.
“Altcoins have underperformed Bitcoin by an astonishing $800 billion this cycle — and retail investors are the ones left behind. While social media continues to promise the next ‘alt season,’ the data tells a different story,” the post learn.
The market intelligence agency added that even Korean retail merchants, as soon as identified for driving altcoin hypothesis, are redirecting their focus towards crypto-related equities. Previously, BeInCrypto also pointed out that crypto-related shares have gained considerably this yr, even outpacing BTC.
“Liquidity, momentum, and conviction have all migrated elsewhere, leaving the altcoin market eerily quiet. Meanwhile, institutions are shaping this cycle in ways few expected — and retail may not yet realize what that means,” 10x Research added.
Market indicators corroborate this downturn. The Altcoin Season Index, which measures whether or not 75% of the highest 50 non-stablecoins outperform Bitcoin over 90 days, has plummeted to 37. This marked its lowest level since mid-July, firmly entrenching a “Bitcoin Season.”
In addition, the sudden decline in altcoin narrative discussions in October mirrored a rising sense of fatigue. Taken collectively, these indicators paint a bleak image for a possible altcoin rally.
