If you don’t break away, you might face a night that could see a 90% drop or even go to zero.
Maybe someone will mumble, didn't Old Xu say there would definitely be an altcoin season?
Wake up, in principle, the altcoin season has already come twice in this round; during good market conditions, they generally rose 3 to 10 times, among which Pepe, Sol, XRP, Ondo, and WLD are typical representatives.
However, there will definitely not be an altcoin season like this, where a limited retracement leads to a broad rise.
In the second half of the bull market, entering a loose cycle, there is a high probability of another wave of 'altcoin season', but it is not recommended for newcomers to gamble, and most targets may never reach new highs again.
Why do I say this?
If the bull market in 2021 was an open-air casino for everyone, the crypto market in 2025 has already transformed into a precision meat grinder operated by institutions. When the market is good, Bitcoin ETFs attract net buying funds of hundreds of millions of dollars daily, draining liquidity like a black hole consuming stars — BlackRock's compliance arsenal only recognizes 'digital gold' labels; altcoins? Just bulk chips in the casino.
The Federal Reserve's current round of quantitative easing is dragging on, and the global pool of funds is no longer as plentiful as it was four years ago. When 'smart money' only dares to curl up in the bulletproof armor of BTC, the altcoin battlefield is left with only the severed limbs of retail investors.
This is not a conspiracy but rather a calculated strategy: the shift in capital flows has written 'follow the decline, not the rise' into the genetic code of altcoins.
Back then, altcoins were synonymous with the 'hundred times myth'. The wealth creation bubble of ICOs in 2017 and the collective mania of DeFi and NFTs in 2021 were essentially the Ponzi aesthetics of 'stories are worth more than code'.
But in the 2025 market, even the courage to spin stories has dried up — concepts like AI, the Metaverse, and RWA have all sputtered out, and even Pumpfun, the meme-launching machine, has fallen into a cold night, with only one meme valued over a million being launched in a single day.
In 2017, 3,000 coins were competing for funds; in 2021, millions of tokens could still rotate; by 2025, Pumpfun alone has launched nearly 10 million tokens, exceeding the limits of human cognition. Pumpfun has brought the threshold for issuing tokens close to zero, and projects don’t even need a white paper — just a dog emoji can mint a billion 'air chips' on the blockchain.
More fatal is the death equation of token inflation: tens of billions of new coins are released each month, corresponding to a depleted retail investor pool. When BTC proves 'the strong get stronger' with 58% dominance, the K-line of altcoins has long been reduced to an ECG controlled by market makers — every pulse is a signal to flee.
'Buying altcoins in the second half of a bull market' was once a fundamental teaching in the crypto world, but the rules of the game have already been rewritten for 2025. When 'no one takes over' becomes a consensus, altcoins have lost even the qualification to play hot potato. When project teams unlock, they dump, and when VCs raise funds, they cash out — this is not an investment market, but the final purge of a capital scheme.
There is also a major trend: stocks are moving to the blockchain, and at that time, small teams of three to five people will find it even more difficult to survive with altcoins valued in the hundreds of millions or billions.
The final chapter of the bull market has never been a grand feast for all but rather a bloody breakout for the survivors.
In the second half of the bull market, it’s not about who is greedier, but who is clearer-headed.
Suggestion: When the overall market starts, decisively eliminate the standout altcoins; breaking even is considered a win, and during a crash, just buy the dip in BTC.
Remember: the chips you leave the table with are yours; the belief in holding on until the end will only become an epitaph.
Refuse to freeload; if you find value, please like and share.
Subscribe to this account for continuous updates.
