$ETH breaks through the 3000 mark, $BTC sets a new high, will the altcoin season come this time?
The cryptocurrency market has shown strong upward momentum during this period, with major assets like BTC and ETH reaching new highs, marking a phase of acceleration for the market. Meanwhile, the altcoin market, which had been quiet for a while, has also seen a significant recovery, with multiple cryptocurrencies recording double-digit gains, reflecting an overall increase in market activity. Investor sentiment has noticeably warmed up, and the Fear and Greed Index, which measures market sentiment, is currently in the greed zone.
The factors driving this round of growth are multifaceted. The easing of global trade tensions (such as reduced tariff impacts), major institutional investors continuously increasing their positions in the cryptocurrency space, and positive expectations regarding potential interest rate cuts by major economies have all contributed to injecting upward momentum into the market. Among these, ETH's performance has been particularly impressive, successfully breaking through the critical psychological barrier of 3000 USD, demonstrating strong rebound power. However, analysts also point out that it still faces certain profit-taking selling pressure above.
As market enthusiasm rises, the risks of derivative trading are also accumulating, with recent liquidation amounts increasing, primarily dominated by short positions, which suggests that investors need to maintain risk awareness even amid optimism. Regarding the future direction of the market, especially whether the altcoin season will reappear, there are differing opinions currently. One mainstream view is that while some altcoins may continue to rise with the market, most mid-cap altcoins are expected to struggle to outperform Bitcoin in this round of market activity, with market funds likely being more inclined to concentrate on leading assets.
