The altcoin bull run has not started yet? Let me explain why

When Bitcoin hits new all-time highs one after another and the entire market is boiling, many investors are waiting for the outbreak of altcoins, and even wonder if they have missed the "next round of 100x coin opportunities". But according to my research on **historical cycles, capital flows, and BTC Dominance** - the real Altseason is far from starting.

The altcoin bull run has not started yet? Let me explain why

📉 Why do you feel like you “missed out” on the market?

  • Bitcoin ($BTC) has indeed broken through its all-time high several times

  • BTC.D (Bitcoin Dominance Rate) is approaching all-time highs

  • The market is full of the sentiment that "crypto is about to explode"

But the reality is: except for a very small number of blue chips, 99% of altcoins are still at low levels or even breaking even.

This is a typical historical trap and may also be the biggest "illusion" in the current market.

The altcoin bull run has not started yet? Let me explain why

🔍 Why is BTC so popular? The market structure has changed fundamentally

In the past few cycles, Altseason often appears when BTC's rally ends and funds begin to rotate to altcoins. But this time, the logic has changed:

✅ 1. The global trend of Bitcoin adoption forms a “funding black hole”

  • Many governments have begun to "invest in Bitcoin" into their treasury

  • The concept of US dollar bitcoin reserve has become a reality

  • Companies and institutions inject hundreds of millions of dollars into buying BTC every day

The altcoin bull run has not started yet? Let me explain why

All this results in: funds only flow into BTC, and no one is interested in altcoins.

✅ 2. BTC Dominance is at a high level and has not reversed

  • The dominance rate has not yet peaked, indicating that large funds have not yet rotated

  • The OTHERS/BTC chart shows that the market capitalization of altcoins is still at the starting point of 2021

  • The vast majority of funds are still locked in BTC

The altcoin bull run has not started yet? Let me explain why

✅ 3. The continuous unlocking of altcoins creates selling pressure on retail investors

  • New coins are constantly launched, and the unlocking volume continues to drop

  • Retail funds are simply unable to take over

  • Most altcoins are unable to form an upward trend

📈 So, when does Altseason actually begin?

From the perspective of cycle theory, each round of altcoin bull market has a similar trigger path:

  1. Bitcoin has peaked or is overheated

  2. Bitcoin price is too high, new funds turn to cheaper altcoins

  3. Strong narratives emerge in the market: such as AI Chain, Real World Assets, ZK Chain, etc.

  4. BTC.D falls rapidly

  5. Liquidity begins to shift from BTC to high-potential altcoins

Once this chain effect is triggered, the Altseason outbreak will occur in a very short time.

If history is any guide, the altcoin bull run peaks about 546 days after the Bitcoin halving — that is, in the fall of 2025.

The altcoin bull run has not started yet? Let me explain why

🎯 Before this, how should we plan?

If you’re already feeling the pinch on altcoins, you’re not alone.

Because most people currently make a mistake: going all-in on counterfeiting too early.

But this doesn’t mean you are wrong, but rather that you entered the market too early.

Now is the critical stage to do homework, screen good projects, and gradually build positions:

  • Choose altcoins with real use cases and narratives

  • Ignore shell projects with no users and no financial support

  • Pay attention to the emerging new narratives (such as AI, on-chain data, Middle East chain, RWA)

Remember: the "buy any coin and it will go up" in 2021 is over. In 2025, it will be about who can understand the trend and choose the right direction earlier.

The altcoin bull run has not started yet? Let me explain why

Conclusion: The current market belongs to BTC, and the future market will belong to those who know how to wait

✳ Current status:

  • BTC is the main battlefield between institutions and countries

  • Altcoins are still fluctuating at the bottom

  • Altseason has not started yet, and it hasn’t even started yet.

✅ Future trends:

  • BTC will eventually become “too expensive” and cause funds to shift

  • The altcoin sector will explode quickly after BTC peaks

The overall cycle is likely to reach its climax in the fall of 2025

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Author: BTC_Chopsticks

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

Image source: BTC_Chopsticks. Please contact the author for removal if there is infringement.

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