Altcoin Season Inbound: Traders Brace for Explosive Market Moves

Frenzy builds as altcoins show early signs of a historic bull run—while Bitcoin maximalists scramble to justify their boredom.

Market psychology shifts from ’when moon?’ to ’which rocket ship?’ as ETH, SOL, and meme coins awaken.

Smart money’s already rotating—retail FOMO arrives just in time for the usual pump-and-dump circus. Place your bets.

Altcoin Bull Market

In the ETHBTC pair, the downtrend has continued for over a thousand days, painting a challenging picture for altcoins. While Bitcoin$108,838 reaches new pinnacles, most altcoins have sustained significant hits and are struggling to recover. Ethereum$2,565, despite its recent rise, has yet to capture the desired momentum with the ETHBTC pair, leaving altcoins far below their peaks from last year.

Crypto analyst Faibik maintains that the anticipated altcoin bull market is yet to commence. “The grand Altcoin rally hasn’t even started… Stay patient; the real moves are still ahead. Hold on to your altcoin basket, and you’ll thank me later,” he counsels, urging investors to brace for future opportunities.

By sharing the TOTAL2 chart, Faibik suggests that the total market value of altcoins is set to surge by more than 100%, hinting that many cryptocurrencies may soon reach their all-time highs. Meanwhile, another analyst, Sherpa, offered pearls of wisdom to traders navigating these tumultuous markets.

Sherpa emphasizes the importance of observing price movements and order books in lower time frames, noting, “You don’t have to scalp for tiny movements, but watching real-time high-volatility moments will teach you tremendously.” This emphasis on observation and timing can empower traders in executing informed decisions.

A graph shared by Sherpa showcases potential short-term consolidation and breakout potentials for POPCAT, underlining a buying opportunity around $0.585 after testing $0.535.

Cryptocurrency Cycle Shift

Historically, individual investors rushing into exchanges marked the crescendo of the crypto buying frenzy, prompting major players to sell. However, this year signifies a pivotal shift. While exchange supply dwindles remarkably, the price of BTC ascends.

CryptoCon elucidates this notable change. “Bitcoin cycles traditionally end with a surge in exchange balances due to retail investors’ influx. But what’s different now? Not only is there no surge, but exchange balances are actively decreasing. The masses are yet to arrive,” he observes.

Moreover, the influence of Exchange-Traded Funds (ETFs) is reshaping the landscape. As retail investors increasingly enter markets via ETFs, historical patterns may shift, suggesting a transformation in how crypto market cycles unfold.