Is Altcoin Season Still Lost in the Woods? Experts Reveal the Brutal Truth

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Dear reader, while myriad souls anxiously await the so-called “altcoin season”, it refuses – much like a provincial postman after a fierce celebration – to arrive on time. The learned Mr. Benjamin Cowen, ever the Cassandra of our cryptographic epoch, elucidates this ailment in his most recent declamation (punctuated, one presumes, by sighs and clever charts).

What, pray, is an “alt season”? It is that bemusing interlude when these unruly coins, spurred by youthful audacity, attempt to outshine the venerable Bitcoin. In the hothouse year of 2017, as well as the ebullient months of late 2020 and the halcyon dawn of 2021, such things were witnessed, much like wild geese suddenly overtaking the stately swan on the estate pond. Yet now, alas! Bitcoin dominates the landscape as an uncompromising landlord, while lesser coins retreat, heads hung, in both USD and in their eternal contest with their bigger brother.

2017 vs 2021 vs Now – Some Things Never Change… Or Do They? 🤔

The analyst, as grave as Bazarov pondering the eternal question of “who needs fathers?”, pores over a fateful graph: that of the total altcoin market (neatly excluding Bitcoin and those bourgeois stablecoins) measured against the grand old Bitcoin market cap. In all prior spectacles, the figure toppled thunderously to 0.25, and only then did altcoins collect enough courage (or folly) to rally. At present, we sit awkwardly at 0.31—like an uninvited aunt lingering at a family gathering—implying that the “great season” is but a distant promise, receding with every bullish candle lit for Bitcoin.

You may ask, “What of the learned men directing the great levers of finance?” In days of yore (those halcyon bubbles), the Federal Reserve, in a fit of largesse, sliced interest rates and hinted at the end of quantitative tightening. Champagne corks flew, and risk danced merrily through the market. Now, fewer rate cuts have materialized, and QT, like a stodgy dinner guest, still lingers, albeit with less enthusiasm. The appetite for risk has contented itself with Bitcoin, and altcoins – those poor, unshaven cousins – sit in the shadows, uneaten hors d’oeuvres at the banquet.

Bitcoin’s Dominance: It’s Not Sharing the Cake 🎂

We have peered into the market, and what do we find? Most altcoins, like fading Moscow debutantes after a long winter, have decidedly failed to keep pace. Though a handful, emboldened, have staged their little rallies (brava, brava!), the majority languish far below the heights of even this spring. The music plays, but few have found the right steps.

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One would be forgiven for thinking this cycle unique, as every youth surely believes his heartbreak is singular. Yet, as always, the same tired masterpiece plays, only more slowly. Altcoins have not yet reached their ritual floor, and until this rock bottom is attained—and we all agree, perhaps with a despondent toast in September or November—there will be no true altseason. Patience, as our babushkas say, is a bitter root but bears sweet fruit—assuming you manage to plant anything at all in this market.

The Federal Reserve: Alt Season’s Reluctant Fairy Godmother 🧚‍♂️

The altcoins’ only real hope (aside from divine intervention, or perhaps a stray Elon Musk tweet) lies in further rate cuts and a cessation of the Fed’s determined QT. So long as the economic moon remains as distant as the dreams of a provincial poet, and as long as liquidity stubbornly waltzes with Bitcoin, altseason will remain that ever-receding horizon. Until then, the altcoins wait—nervously polishing their shoes in the hallway.

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2025-06-28 16:24