The crypto market is left without an "altcoin season"
Date: 2025-08-21 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
In the first half of August, Bitcoin briefly rose above $ 124,000, but this did not become a signal for the growth of other digital assets. On the contrary, meme coins, DeFi projects and large altcoins began to decline, which increased the disappointment of traders. The absence of bright leaders in the sector, such as Ethereum or Solana, and weak economic support made the prospect of a quick rally extremely low.
On the X platform, users are actively discussing the current situation. A representative of the CoinW exchange noted: "Bitcoin fell below $ 114,000, and the expected altcoin season never happened. The question remains: should we continue to hold altcoins or look for new strategies to protect capital?"
Experts say that one of the key factors behind the stagnation is the growing dominance of Bitcoin, which reached 65% in June and has not yet shown any decline. This limits the flow of liquidity into alternative assets, depriving them of the opportunity to grow.
The situation has been aggravated by the recent actions of major players. Between August 19 and 20, the three largest issuers of Ethereum ETFs — BlackRock, Fidelity, and Grayscale — withdrew about $422.2 million from ETH. According to Arkham analysts, such steps confirm that investors should shift their focus towards long-term technological projects. In particular, smart contract platforms and cross-chain interaction solutions are considered promising areas, where fundamental value may be more stable than short-term market fluctuations.
At the same time, QCP Capital believes that it is pointless to expect an imminent “alt season”. Traders increasingly prefer Bitcoin, which holds key support at $112,000. This stability makes it a more attractive instrument for preserving capital than high-risk altcoins.
Thus, the market has entered a phase of uncertainty: capital is concentrated around Bitcoin, and altcoins remain on the sidelines. If the current trend continues, investors will have to change their approach - not to bet on the short-term growth of little-known tokens, but on the development of infrastructure projects that can withstand the pressure of the dominant Bitcoin.
The general mood of market participants reflects fatigue from expectations. The altcoin season, which many were hoping for, is postponed indefinitely, and only fundamentally strong projects have a chance to attract the attention of capital in the coming months.
