Is the altcoin season upon us? Controversy arises
Since the formal ceasefire between Iran and Israel, Bitcoin prices have quickly rebounded, and market sentiment has warmed up, leading to market debates about whether the 'altcoin season' has arrived. The views of both bulls and bears are as follows:
Optimists believe the altcoin season may be approaching: From historical experience, whenever Bitcoin's market share peaks and then declines, the altcoin season often arrives quietly. Currently, Bitcoin's market share is nearing 66%, and if it breaks through 70% and reaches a turning point, it could trigger a comprehensive explosion of altcoins. Additionally, Ethereum and some altcoins (such as SOL) have recently performed strongly, with the possibility of testing price highs, and some strong altcoins like AAVE are worth watching, suggesting potential structural trends that have led some to expect the arrival of the altcoin season.
Cautious individuals believe the altcoin season has not yet arrived: The current market liquidity remains fragile, trading volumes continue to decline, and market funds are leaning conservative. At the same time, a large number of US stock tickers' pre-market activities have been bridged to the crypto market, which has drawn liquidity away from the crypto market, negatively impacting altcoin trends. Furthermore, many altcoins lack fundamental support, with a proliferation of 'air coins,' making it difficult to see a widespread rally. Therefore, the overall market believes that the altcoin season will not truly arrive in the short term, and the current trend is still dominated by Bitcoin, with the market structure leaning towards defense.