Despite the Bitcoin boom, Altseason is on hold as people leave for safety
Bitcoin is performing well and has surpassed the $100,000 threshold, but the rest of the altcoin market appears to remain stalled. According to analysts, investors’ attitudes toward cryptocurrencies have shifted dramatically, with over $36 billion in net selling pressure expected in 2025 alone. This data from CryptoQuant demonstrates the difference between purchase and sell prices for altcoins other than Bitcoin and Ethereum on centralized exchanges. The declining trend indicates that both retail and institutional investors are being cautious.
According to market strategist Burak Kesmci, altcoins are responding as if the bear market is still in place. The “MIA” mentality of investors indicates that they are unwilling to return to high-risk sectors, despite the fact that the Bitcoin boom is still underway. When macroeconomic indicators remain unknown and regulatory frameworks are still evolving, this type of sell-off frequently indicates that the market is being cautious.
ETF Hopes Give Us Hope, But We Must Wait
If the SEC authorizes more than one bitcoin ETF later this year, investors’ confidence levels may shift. According to Bloomberg’s James Seyffart, the Solana and Litecoin ETFs have a 90% chance of being approved, while XRP has an 85% chance. If these approvals are granted, it would be a significant step toward making cryptocurrencies more formal, which might lead to an increase in demand.
Farside Investors has tracked billions of dollars into Bitcoin and Ethereum ETFs. Altcoin-focused funds may do the same. However, if ETF demand has little impact on actual spot trading, the effect may be less significant.