Bitcoin's market share has dropped to a 7-month low, and the altcoin season indicator shows divergence.
According to data from TradingView, Bitcoin's market share (BTC.D) has sharply dropped to 59.3%, hitting a new low in 7 months, while the 'altcoin' index has risen, sparking speculation about the start of the altcoin season. The BlockchainCenter Altcoin Season Index has risen to 53; although it has not yet reached the traditional altcoin season threshold of 75, the growth is quite significant.
Source: TradingView Bitcoin's market share (BTC.D) has sharply dropped to 59.3%, hitting a new low in 7 months.
Analyst James Wynn directly stated: "The altcoin season has been confirmed." However, well-known market commentator Cas Abbé holds a different view, believing that the current market state reflects an "Ethereum season" rather than a broad altcoin rebound. He pointed out: "We are in an Ethereum season because most liquidity is flowing into ETH. To achieve an altcoin season, we need more retail liquidity, which will only occur when Ethereum ($ETH) reaches a new high. My timeline is that this will happen between October and November 2025."
NoOnes CEO: The altcoin season started in April, and we are now in the mid to late stages.
Contrary to mainstream views, NoOnes CEO Ray Youssef disclosed to the media (BeInCrypto) that the altcoin season has not only started but is also at its peak.
Youssef stated: "The development of the altcoin season is rapid, and it is easy to mistake the end for the beginning. It currently feels like the beginning phase; at best, it is only the midpoint of this wave of market activity."
He believes the accurate starting point for the altcoin season should be April, when Ethereum rebounded from $1,500. Youssef pointed out the decline in Bitcoin's market share and the fact that over 30 altcoins have outperformed Bitcoin ($BTC) in the past 90 days as evidence that the altcoin season has peaked.
He compared it by saying: "This year's altcoin season reflects the changes of seasons in nature: the long thaw period in April, the cold in June, until the summer of altcoins truly arrives from late July to early August. Autumn will soon arrive, and prices will drop in October like leaves."
Institutional funds are changing the game, and meme coins may be set for a revival.
Youssef envisions that mature altcoins like Solana ($SOL) and Ripple ($XRP) have the potential to significantly increase their market value. If successful, they could surpass the 'altcoin' category and become major players in the market. He specifically mentioned: "If this happens, considering that Solana's network could be said to be more suitable for payments than Ethereum, this would pose a severe challenge to Ethereum."
As institutional investment continues to flow into Bitcoin and Ethereum, it may consume their volatility, which could lead to a revival of meme coins like Dogecoin ($DOGE), Pepe ($PEPE), Shiba Inu ($SHIB), and Floki ($FLOKI). He warned that when the cryptocurrency winter arrives, coins supported by institutions are most likely to maintain their value, while speculative tokens with no practical use will disappear forever.
Youssef's different perspective has prompted the market to reassess the current state, especially how institutional capital flows will shape the next phase of cryptocurrency growth. This difference in viewpoint reflects the complexity of the cryptocurrency market, and investors need to evaluate market timing more cautiously rather than relying solely on a single indicator or general consensus.
This content was generated by Crypto Agent summarizing information from various sources, reviewed and edited by 'Crypto City'. It is still in the training phase and may contain logical biases or information errors. The content is for reference only and should not be considered investment advice.
"Still waiting for the altcoin season? Crypto operators: The altcoin bull has already passed halfway! Haven't you felt it yet?" This article was first published on 'Crypto City'.
