Looking at this chart comparing BTC, large caps (top 20), and mid/small caps, we are currently seeing the weakest altcoin performance of this cycle.
The strongest move, which looked more like a "true" altseason, happened in early 2024 when altcoins, especially mid/small caps, outperformed BTC over a short period of time.
We also experienced a second phase of altcoin performance in late 2024 and early 2025, but this time BTC maintained its dominance in terms of performance.
Today, this is therefore the weakest altcoin reaction we have seen during this cycle, which may suggest that we are only at the beginning.but patience is still required.
Written by Darkfost
