Is Altseason Over? A Deep Dive into Mid-2025 Market Trends

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Last Updated 2026-03-30 04:54:26
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Will the alt season end in mid-2025? This article analyzes from multiple dimensions including BTC, ETH, Altcoin Season Index, BTC.D, etc., citing community hotspots and the latest trends, and teaches you how to identify the next wave of opportunities.

1. What is alt season?

“Alt Season” refers to a period during which the majority of altcoins outperform Bitcoin in terms of price increase, usually over a cycle of 90 days. If mainstream measuring tools like the Altcoin Season Index exceed 75, it is considered that we have entered Alt Season. .

2. The latest trends of Bitcoin and altcoins


Image:https://www.gate.com/trade/BTC_USDT

  • BTC: After a recent surge hitting a historical high, it has pulled back and is currently fluctuating in the range of $117,000 to $122,000.


Figure:https://www.gate.com/trade/ETH_USDT

  • ETH: Over the past week, it has risen more than 17%, driving the ETH/BTC ratio to recover by over 8%. At the same time, some analyses suggest that ETH is supported by institutional buying accumulation.

3. Altcoin Season Index & TOTAL2 Indicator

  • Altcoin Season Index: It has risen from a low of 15 at the end of June to around 32, with some platforms reaching the critical value of 75 on July 8.
  • TOTAL2 (Total Market Cap Excluding BTC): Gradually increased from $1.05 trillion to $1.21 trillion, having broken through the descending wedge area, indicating a return of institutional and retail funds.

4. Macroeconomic Environment and Market Liquidity

  • BTC ETF continues to attract capital, boosting overall market sentiment.
  • Stablecoin reserves hit a record high, exceeding $31 billion, forming ample “dry powder.”
  • The cyclical return pattern after the 2025 Bitcoin halving is gradually releasing its spiral upward potential.

5. Analysts and Community Latest Opinions

  • Many research institutions believe that “July 2025 may mark the start of alt season,” especially after technological breakthroughs in major coins like ETH and SOL.
  • Compared to the championship cycle on Reddit, the 2025 alt season seems more institutionalized and does not rely entirely on retail sentiment. The community’s viewpoints are represented as follows:
    “This cycle is slower, but macro conditions (like global rate hikes and ETF delays) matter.” “I think it’s even worse LOL” — A small part believes that a “lost season” may reoccur.

On the technical side, if BTC.D (Bitcoin market cap dominance) falls below 65% or even 60%, it will create space for altcoins.

6. Does it mean the alt season is over?

Comprehensive current signals:

  • Altcoin Season Index has significantly rebounded and may briefly break through;
  • TOTAL2 synchronously releases benefits with BTC.D;
  • ETH/BTC and mainstream altcoins (XRP, ADA, SOL) have all shown technical breakthroughs;
  • But BTC.D is still above 60%, and mainstream indices have not yet fully confirmed.

The conclusion is: we are currently not at the end of the alt season, but rather at the beginning stage, in a phase of accumulation, and have not yet entered a widespread outbreak period; we need to wait for key confirmation signals.

Author: Max
Disclaimer
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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