This Analysis Explains Why the Anticipated Altcoin Season Is Still Far Away Despite Recent Bitcoin (BTC) Rallies

Analysis by crypto analyst @nobrainflip suggests the long-awaited altcoin bull runs have yet to truly commence, despite Bitcoin's recent highs.

A crypto analyst has shared their thoughts on whether the long-awaited altcoin season has begun, using several key metrics to gauge retail participation in the market.

Fresh Analysis Claims Anticipated Altcoin Season Still Far Away: Key Metrics Cited

A recent analysis by crypto analyst @nobrainflip on Twitter suggests that the market is still awaiting the commencement of a substantial altcoin bull run, despite Bitcoin’s recent rally to new highs. Several key metrics indicate that retail investors have yet to fully re-enter the market en masse, which has typically preceded previous crypto bull cycles. However, the analyst remains confident that a significant rally will eventually unfold, pointing to historical patterns.

The analysis begins by highlighting several observations regarding the current market, which they believe are signaling more upside ahead:

Mainstream financial media has paid little attention to crypto.

Trading activity has remained muted on most exchanges.

Altcoins have been slow to follow Bitcoin’s move, showing a lack of overall market enthusiasm.

Nascent price impulses are yet to be seen in smaller caps.

Fresh highs in total token dilution are presenting headwinds to price action.

suggesting this bull market could peak around October 2025 if it follows historical norms. Previous cycles saw Bitcoin top around 880 days before the halving, following deep bear market bottoms lasting 370 days.

While not expecting an exact replay, the analyst believes the core principles of market cycles will likely hold. “Liquidity will flow eventually, as market cycles inevitably do.”

Anticipated Altcoin Season Still Far Away: Key Metrics Cited 2

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Mixed Signals And Uncertainty Sown By This Bull Market

The uneven distribution of returns and breakage of typical market patterns, like “Bitcoin leads, altcoins follow,” has sown doubts among market participants. Resilient meme coin performance, lack of major Bitcoin corrections, and the struggle of traditional leaders Ethereum and Bitcoin have disrupted familiar trajectories.

However, telltale signs, like lack of retail frenzy, relatively few short liquidations, and altcoins yet to exhibit parabolic moves, have @nobrainflip thinking, “Every bull cycle is a bubble, and it ends a few months after retail joins in. Normies are still not in crypto…We’re still early.”

While the timeline remains uncertain, the analyst concludes that the current market position, hype levels, and anticipated trajectory of liquidity shifting to altcoins once Bitcoin cools off, bodes well for substantial further upside. “Remember my words: June 2024, we’re still early.”

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News source：https://www.kdj.com/cryptocurrencies-news/articles/analysis-explains-anticipated-altcoin-season-bitcoin-btc-rallies.html

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