Altseason Hype Cools Off—But Bitcoin Stands Unshaken (Santiment Data Reveals All)

Altcoins lose their luster as Bitcoin proves its staying power yet again. Santiment's latest metrics show a market at a crossroads—speculative fever fading while the OG crypto holds firm.

The great altcoin unwind begins

Trading chatter around 'altseason' has flatlined—retail's favorite gamble looks tired. Meanwhile, BTC's stability suggests institutions are quietly accumulating at these levels.

Bitcoin: The ultimate mood stabilizer

While altcoin Twitter spirals through another existential crisis, Bitcoin's price action remains textbook range-bound. The crypto equivalent of watching paint dry—and that's exactly what smart money prefers.

The takeaway?

When even degenerate traders start questioning their altbag positions, you know we're back to crypto fundamentals: Bitcoin dominance, weak hands getting shaken out, and Wall Street sharks circling the retail bloodbath. Some things never change—except your portfolio balance during these swings.

Altseason Hopes Fade

The analyst opined that market cycles when all altcoins went up are “a thing of the past” as the hype isn’t even close to the first quarter of 2024 when the bitcoin ETFs launched.

However, Santiment did identify a few crypto assets that were trending at the moment, including Litecoin, Stellar, and USDC.

Altseason sentiment breaks down as $BTC holds range — narratives fail to ignite rotation@Santimentfeed shows a sharp decline in altseason social engagement, with volume and dominance both retracing to April levels. This comes despite strong July catalysts — regulatory progress,… pic.twitter.com/gISOmJKoKI

— Chyan | chyan.base.eth (@Chyan) August 6, 2025

CoinMarketCap’s altseason index is a low 36 out of 100, which suggests that it remains a long way off at the moment. It topped 50 in mid-June during the market rally but has fallen back along with the prices of most altcoins.

The Blockchain Center’s altseason index shows a similar low rating of 35, while Bitget’s altcoin season index is an even lower 34. All three indexes report that the best-performing altcoins over the past month are memecoins.

Bitcoin dominance is also an indicator of the approach of altseason, and it remains high at 61.6%, according to TradingView. Its market share fell to a six-month low on July 21, but it has been uptrending again since, as the asset holds around $116,000 while most of the altcoins continue to bleed.

Nevertheless, ethereum usually leads altcoins into a rally, and it too has been holding up and remaining within its range-bound channel.

Some analysts are still looking at previous bull market cycles and predicting the same again this year.

Altcoin market cap is following a clear pattern:

2017: Explosion
2021: Explosion
2025: Next in line?

History doesn’t repeat, but it sure does rhyme.

Altseason brewing?#Altcoins #Crypto #Altseason #DeFi pic.twitter.com/w3ez085f0u

— Crypto Captain (@CryptoCaptainCT) August 7, 2025