DonSequu @donsequu - Twitter Profile

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HentPost @hentpost

4 months ago

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donsequu retweeted

Momo_Jr @Momo_Jr96

7 months ago

The altcoin season, as people like to describe it, has not existed for a long time. The last real altcoin season happened in 2017, and the market structure back then was completely different from today. At that time, you couldn’t simply go to an exchange and buy altcoins directly. On almost every platform, the first step was always the same: you had to buy Bitcoin first. Only after that could you swap Bitcoin into other altcoins. Because of this, the entire market was initially focused on Bitcoin. Bitcoin ran first, people made profits with it, and only then were those profits rotated into altcoins. That rotation process is what actually created the classic “altcoin season.” This market dynamic no longer exists. Today, new participants entering the crypto market are not buying Bitcoin first. They go straight into altcoins, hoping for higher returns. They can buy coins directly using USDT, USDC, or even a credit card. There is no longer a structural need to flow through Bitcoin before entering altcoins, which means the historical capital rotation from Bitcoin into altcoins is gone. The periods in 2020 and 2021 were also not true altcoin seasons. That was primarily an Ethereum-driven cycle, fueled by DeFi and later the NFT hype. Ethereum absorbed most of the attention and capital, not the broader altcoin market in the way people remember from 2017. Anyone who claims that a classic altcoin season still exists today does not understand how the crypto market has evolved. Because people now enter directly into altcoins, and because Bitcoin is no longer the mandatory gateway asset, the redistribution of profits from Bitcoin into altcoins simply does not happen anymore. The conditions that created altcoin seasons are gone—and with them, the altcoin season itself.

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