Coinbase predicts the start of the alt season in September
Date: 2025-08-19 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Experts at the Coinbase crypto exchange expect that the crypto market will enter a full-fledged alt season in the fall of 2025. According to their data, this is indicated by a decrease in the share of Bitcoin, an increase in interest in Ethereum, and an increase in the capitalization of the altcoin sector.
According to the report, Bitcoin dominance decreased from 65% in May to 59% by August. At the same time, the capitalization of the altcoin market has increased by more than 50% since the beginning of July, reaching $ 1.4 trillion. Coinbase attributes this to the growing popularity of Ethereum, as well as the activity of companies in the field of tokenized assets and stablecoins.
Despite these positive signals, the CoinMarketCap altseason index is only at 45 points, while the start of the "real" altseason is recorded at 75. The exchange explains this by the fact that the growth of Ethereum and related projects is ahead of the rest of the market, shifting the balance of indicators.
The key factor, according to analysts, will be the availability of liquidity. The global M2 money supply index indicates its possible inflow at the end of the third or beginning of the fourth quarter of 2025. At the same time, about $ 7.2 trillion has accumulated in US money market funds. Some of these funds, according to Coinbase, may leave traditional instruments if the Federal Reserve System softens its policy. Forecasts do indicate the possibility of such a step in September, which will open the way for an additional inflow of capital into cryptocurrencies.
Experts also noted that demand for Ethereum continues to grow not only due to technology, but also due to the legalization of stablecoins, which are becoming an important element of the ecosystem. At the same time, growth is expected for other projects with high beta yield compared to Ethereum. Among such assets, analysts highlight ARB, ENA, LDO and OP.
An additional incentive was the recent SEC commentary on liquid staking, which had a positive effect on the position of Lido DAO (LDO). All this creates a favorable background for further strengthening of the altcoin sector.
Coinbase emphasizes that the current decline in the share of Bitcoin reflects the early stage of capital flow, but not a full-fledged alt season. However, as September approaches and given the growth of altcoin capitalization, the prerequisites for a large-scale market movement in favor of these assets are being formed.
Previously, analysts recorded an increase in trading activity and interest in altcoins on the network, which became one of the first signals of a possible turning point in the market cycle.
Thus, according to Coinbase, September may become a key transition point to a more mature and broader alt season, in which not only Ethereum, but also a number of promising projects will benefit.
