Bybit and Block Scholes explain why

Crypto Exchange Bybit and Block Scholes, a research company based in London, published a new analyzing report why the long -awaited Altcoin season has not yet arrived during the current market cycle.

So far, the market is “a sea of ​​uncertainty”. But could that still witness a passage to the Alts-season?

In their report“Altcoin Rotation – Why did the Alts -season come this time?” Bybit and Block Scholes offer an overview of what can delay the start of an Altcoin boom.

In previous cycles, Altcoins recorded massive price gains in the middle of the Bitcoin capital rotation (BTC), Inting Millionaires through the ecosystem while the Altcoin market jumped 6x or 7x. However, the current cycle has not yet recorded such a movement despite the Bitcoin race at a level of all time more than $ 109,000.

What is the next step then?

According to the report, several factors have contributed to the current perspectives of the cryptography market.

A key factor is that the reduction of half of the April 2024 bitcoin did not trigger the historic decline in the domination of the BTC. With the domination of Bitcoin still high despite the difficulties of the BTC since its ATH, analysts of Bybit and Block Scholes see a departure from the previous bull cycles.

In particular, Altcoins have not demonstrated the type of race observed in 2017 and 2021. Capital rotation in Ethereum (Ethn) then other altcoins did not occur as in these cycles.

“Since 2022, Ethereum has underestimated not only bitcoin, but also several” Ethereum killers “competing, such as Solana (soil) and sui (sui. This relative sub-performance has raised doubts about the ability of Ethereum to Conduct the market in a new Altans season “, the” report indicated.

The funds negotiated in exchange for Bitcoin and the institutional adoption that followed also “complicated” the cryptographic landscape. It seems that most institutional investors remain reluctant to run capital in coins with small capitalization.

However, the report suggests that the potential of a late increase in altcoins remains. The growth of Stablescoin refers to the continuous interest of retail in the middle of a robust positioning. THE 19 billions of dollars in volume of trading For centralized exchanges in the fourth quarter of 2024, supports these perspectives.

A search for Altcoin opportunities could accelerate if BTC reaches new heights in 2025, with the intensification of the capital rotation if ETH soar.

A scenario in which institutional investors warm up on the best altcoins, driven by new products and regulatory clarity, would also contribute to this possibility. Notable retail interests, including in the same parts, can also feed a renewed Altcoin season.