BlockBeats news, on August 15, Coinbase released its monthly outlook stating that the altcoin season is approaching. Although Coinbase's view on the altcoin season has changed, the outlook for the third quarter of 2025 remains optimistic. It believes that as September approaches, the current market conditions may indicate that the altcoin season is about to fully arrive. A common definition of altcoin season is that at least 75% of the top 50 altcoins by market capitalization have outperformed BTC in the past 90 days.
Many argue whether the Federal Reserve's interest rate cut in September indicates a local peak in the cryptocurrency market. Coinbase disagrees. Given that a large amount of retail capital is on the sidelines in money market funds (over $7 trillion) and other areas, the Federal Reserve's easing policy may release more potential for retail participation in the medium term.