Are Altcoins Still in a Bear Market? Don't Expect an Altcoin Season Without This!

According to analysts, a critical metric must return to the positive zone for the anticipated altcoin season and rallies to begin.

According to a CryptoQuant analyst, while Bitcoin (BTC) is exhibiting a strong bull run, hovering around the $104,000 level, the situation is quite different for altcoin investors. The data shared by the CryptoQuant analyst regarding the "1-year cumulative buying/selling volume difference of altcoins excluding Bitcoin and Ethereum" reveals that altcoins are performing far from expectations.

This metric, which entered the positive zone in December 2024, had indicated that a peak had formed in altcoins. However, the indicator, which has been continuously declining since that date, is currently at serious negative levels of around -36 billion dollars. This situation implies that altcoin investors have almost completely withdrawn from the market.

When will the altcoin season begin?

While the current performance of altcoins is disappointing investors, according to the CryptoQuant analyst, it is not very realistic to expect a wide-ranging altcoin season as long as this metric does not turn bullish. The fact that altcoins are still experiencing a winter season during a period when Bitcoin has reached record levels causes investors to behave cautiously.

The CryptoQuant analyst sees the return of this indicator to positive as a prerequisite for the rise of altcoins. Therefore, altcoin investors will keep an eye on this metric for now. Only then will a real "altcoin season" or the beginning of altcoin FOMO become possible.