Some 'well-known' concepts from the previous season are now outdated and no longer align with the current market:
'Altcoin Season' will always flow in cycles BTC → ETH → Topcap → Midcap → Lowcap
This notion was true in previous uptrend seasons, when the market was quite 'orderly', money from Bitcoin was often realized and then spread to Ethereum, and only then to smaller market cap groups => The whole market pumped.
The current cycle: after BTC and ETH lead the wave, altcoins pump chaotically, any project with good fundamentals will pump. Money only flows into trends/narratives that are gaining attention in the market, only those projects with good fundamentals can attract capital => Not every project will pump, in fact, many tokens continue to decrease.
CEX is safe – DEX is risky
Previously, centralized exchanges (CEX) were seen as a 'safe haven': a project being listed on Binance/Bybit was a milestone of success, while DEX was associated with the risk of rug pulls, low liquidity, and scams. Moreover, CEXs like Binance were always seen as trendsetters and market leaders.
This season is the opposite: By the end of 2024 – early 2025, 99% of projects listed on Binance will 'split 3 and 5', many 'unicorns' will split 5 – 10 times after listing. During this period, Binance is the largest liquidity pool in the world – where market makers/bookmakers dump tokens on retail traders in unprecedented and painful ways. Meanwhile, DEX with Pump.fun or Virtual Eco is where the trend for the entire market (memecoins, AI Agents) is being pulled with a series of projects x5, x10, x100. Not only memecoins, but most of the prominent infrastructure projects or AI Agents from the past season originate from DEX.
Having a large fund/VC backing is a sure thing
Previously, it was believed that any project backed by Sequoia, a16z, Multicoin… would be sustainable. But recently, many projects that received significant backing still fell into a 'bloodbath' after listing, with token prices plummeting uncontrollably. The most notable example: $STRK
In contrast, many 'unknown' projects that correctly captured the community + narrative have far outperformed. The lesson here: having big backing is a good advantage but not everything, product + community > VC, retail narrative is the main driving force of the market and to make profits, valuation is more important than anything.
The crypto market never exactly repeats old scripts. What was once a 'truth' in the previous season can become a deadly trap this season. CEXs were once seen as safe zones, now they have become places for market makers to dump goods; Altseason used to follow cycles, now capital flows non-linearly and chases narratives. If you do not update your mindset, you will always be the one who arrives late, paying tuition for the lessons others have learned.
In this game, the advantage does not lie in recalling the previous season, but in the ability to adapt and read the new meta before the majority catches on.
👉 Follow Vie Trading for real-time insights, avoid outdated mindsets, and stay one step ahead of the market.
