Altcoin season is a bust as sentiment weakens: Analysts

Ready for altcoin season? Don’t hold your breath, analysts warn.

As investors look for signs of a renewed risk-on phase in crypto, market structure continues to favor caution over speculation. However, according to several analysts, the worst has passed, although markets are not yet ready for a full rebound and an altcoin season.

Gabe Selby, Head of Research at CF Benchmarks, highlighted nearly $4 billion in ETF outflows since October 10. The outflows have put November on track to be the worst month in institutional outflows to date.

Sentiment is still too low for altcoin season: Analysts

Ignacio Aguirre, CMO at Bitget, noted the rebound for Bitcoin (BTC) and other major altcoins. This price action, he stated, may suggest the market is forming a near-term bottom rather than entering a deeper bear phase.

Despite the positive shift in markets, an altcoin season is unlikely. According to analysts at B2BINPAY, the market remains trapped in fear and lacks the capital rotation historically linked to altcoin outperformance.