The altcoin season, which seemed like it would never arrive, has now turned into an endless story. Although there is no consensus on the altcoin season in the market, some analysts believe it has already begun, while others argue that it hasn't even started yet. At this time, the latest analysis comes from Coinbase, the largest exchange in the United States.
The Altcoin Season Will Occur in September
Accordingly, Coinbase states that they expect a comprehensive altcoin season to begin in September. Coinbase has published a report titled 'Monthly Outlook: The Altcoin Season is Coming' on its official website, outlining its expectations for the altcoin season.
According to this report, analysts at Coinbase, led by David Duong, the global research director of Coinbase Institutional, have provided a positive outlook for the third quarter of 2025, stating that a comprehensive altcoin season is expected to begin in September.
Analysts also mentioned that an altcoin season is approaching as institutional investor interest in Ethereum is growing.
Coinbase states that they define the altcoin season as a period when at least 75% of the top 50 altcoins by market capitalization have outperformed Bitcoin over the past 90 days.
At this moment, analysts claim that Bitcoin's dominance, considered the biggest leading indicator of the altcoin season, has decreased from 65% in May to the current 59%, which is an early sign that capital is shifting to altcoins.
According to this report, analysts at Coinbase, led by David Duong, the global research director of Coinbase Institutional, have provided a positive outlook for the third quarter of 2025, stating that a comprehensive altcoin season is expected to begin in September.
Analysts also mentioned that an altcoin season is approaching as institutional investor interest in Ethereum is growing.
Coinbase states that they define the altcoin season as a period when at least 75% of the top 50 altcoins by market capitalization have outperformed Bitcoin over the past 90 days.
At this moment, analysts claim that Bitcoin's dominance, considered the biggest leading indicator of the altcoin season, has decreased from 65% in May to the current 59%, which is an early sign that capital is shifting to altcoins.
