Matrixport Doesn't Believe in the Alt Season: Bitcoin Remains the Only Favorite
Date: 2025-06-05 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
The analytical company Matrixport expressed doubts about the imminent onset of the altcoin growth season, pointing out that at the current stage, Bitcoin remains the only stable asset on the crypto market.
The company's specialists explained their position by the fact that the key factor in the start of the alt season is considered to be a steady decline in the share of Bitcoin on the market. However, instead, the opposite dynamics are observed: if in mid-May, BTC dominance dropped to 61.2%, now it has grown to 63.3%. This indicates that the interest of market participants is again focused primarily on the first cryptocurrency.
Matrixport also emphasized that the activity of retail investors remains low, and the volume of futures trading is almost at a minimum. According to analysts, this indicates that the focus is on Bitcoin in its spot execution, rather than on riskier instruments such as leveraged derivatives.
In addition, experts suggested that Bitcoin may enter a consolidation phase this summer, as it already did in the same period last year. Despite the possible slow dynamics, Bitcoin remains the most reliable choice for investors in the current market uncertainty.
Nevertheless, opinions continue to be voiced in the crypto community that Ethereum is capable of showing a confident upward movement, which, in turn, could breathe life into the altcoin market. However, Matrixport does not currently see any grounds for such a scenario and adheres to a more reserved assessment.
Thus, in the absence of a pronounced demand for alternative cryptocurrencies and stable interest in Bitcoin, the expectations of the altseason may not be justified in the near future.
