Bitcoin hits a historic high, but why is the altcoin season delayed? The reasons are actually just two points
Recently, many people have asked me: Bitcoin has surged to a historic high, so why are altcoins still not moving? What happened to the promised 'altcoin season'?
In fact, this is not complicated, the core reasons are two—Bitcoin's current price movement rhythm and the explosive growth in the number of altcoins.
First, let's talk about Bitcoin's price movement. In previous bull markets, BTC was characterized by wild fluctuations; the more volatile it was, the easier it was to ignite market sentiment. People watched the prices skyrocket, and fearing they might miss out, they flocked to chase altcoins. Social media was filled with discussions about cryptocurrencies, and as the heat rose, the altcoin season naturally arrived, which was the pattern in 2017 and 2021. But this time is completely different; BTC is following a steady path of 'rising for a while, consolidating for several months, then rising again, and consolidating again' with no significant ups and downs, making it hard to ignite the public's fervor. When the heat doesn't keep up, there is naturally less soil for altcoins to collectively explode.
Now, let's look at the altcoins themselves. The number of altcoins has become absurdly high—almost 50,000 new tokens are added every day, whereas a year ago there were only 4 million in the entire market, and now it has directly surged to 22 million. With so many coins, the funds and attention in the market have been diluted. Previously, with fewer altcoins, the hotspots were concentrated, and when one coin surged, the entire market could see it; now, even if the total market cap hits a new high, the money is spread too thin, making it difficult for the kind of concentrated speculation heat to appear as before, and even 'hundredfold coins' and 'wealth myths' are much less than before.
So in this market, don’t wait for the traditional altcoin season of 'everyone taking off' anymore; now it's more about 'structural opportunities'—either some sector suddenly erupts, or individual coins experience a price surge, lasting from a week or two to a month or two before ending. This also aligns with the current market reality: there is only so much liquidity, and funds are getting smarter and more dispersed, no longer congregating for wild celebrations as in the past.
The traditional concept of altcoin season may really be turning the page. Even if there is an altcoin market in the future, it won't be a few months of collective surges, but rather short, quick opportunistic bursts. The market is always changing, but opportunities have never disappeared; we just need to adapt to its new form.
