Altcoin Season is Here – Buckle Up for the Ride (July 2025 Edition)
Altcoins are roaring back—and this time, they’re not playing nice.
The sleeping giants of crypto—Ethereum, Solana, and a slew of DeFi tokens—are waking up with a vengeance. Bitcoin’s boring sideways action? Traders are dumping it like last year’s NFT portfolio.
Why now? Institutional money’s finally sniffing around beyond BTC. Grayscale just filed for an altcoin basket ETF (only three years late to the party). Meanwhile, retail’s FOMO is back—Binance volumes for small caps just doubled in 48 hours.
The dark horse: Layer 2 tokens. With Ethereum gas fees hitting ‘absurd’ levels again, Arbitrum and Optimism are eating Vitalik’s lunch.
Cynic’s corner: Sure, some of these projects have actual utility. The rest? Just waiting for greater fools while their founders ‘accidentally’ dump tokens on retail. Ah, crypto—the only market where ‘fundamentals’ means ‘Twitter hype.’
One thing’s clear: When altseason hits, it pays to be early. Just don’t be the one holding the bag when the music stops.
The first chart shows Bitcoin dominance locked in a massive symmetrical triangle stretching back to 2018, with Fibonacci retracement levels mapped along two eerily similar time periods: 1,092 days from 2018–2021, and 1,029 days from 2021–2025. Both cycles culminate in a tightening coil of BTC dominance, which recently kissed the upper resistance line before getting rejected. A decisive breakdown from this structure could signal an exodus from Bitcoin into altcoins, a classic trigger for altseason.
A rotation from bitcoin into alt coins means altseason, source: Dave the Wave on X
The second chart, courtesy of TechDev, backs this narrative with a textbook ascending triangle on total altcoin market cap, spanning nearly three years. Each green DOT marks past cycle lows in alt market momentum, and we’ve just printed another one. If this breakout confirms, especially with the MACD crossing bullish on the higher timeframe, we could be witnessing the start of a full-blown rotation into alts. Historically, these setups have led to vertical moves, particularly as sidelined capital seeks higher beta plays following Bitcoin’s initial pump. The setup is there. The volatility is building. Now, it’s just a question of timing and whether the market gods feel like lighting the fuse.
What happens when 4 years of altcoin compression releases? Source: X
