The altcoin season was supposed to arrive. It has been absent. The problem is not the will, but the fuel: capital. More precisely, the absence of inflow entries. According to an analysis published by cryptoQuant, nearly 36 billion dollars have been withdrawn from alternative projects in a year. Burrakesmeci, an analyst on the platform, explains that the signal was clear since December 2024: the dynamics reversed and since then, 'everything has collapsed.'
At the same time, the emergence of spot bitcoin ETFs has redirected flows towards the mother crypto. Institutional investors continue to avoid tokens they consider too volatile or poorly regulated. Result: altcoins have neither momentum nor legitimacy in the eyes of those who control the finances.
This crisis will persist while the Fed keeps its interest rates between 4.25% and 4.50%. As long as liquidity does not return to the financial circuits, altcoins will remain lagging behind. And with them, a large part of the crypto economy awaits a spark that is slow to arrive.