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Altcoin’s market capitalization, excluding Ether (ETH), added $ 126 billion in the second quarter, arousing the enthusiasm of analysts waiting for an Altans season. Crypto analyst Javon Marks noted a break that could compete with the Bull Run 2017 explosive.
In a recent article on X, Marks has highlighted a graph comparing the total index3 (total market capitalization of altcoins to the exclusion of Bitcoin (BTC) and Ethereum) against the American money supply, which suggests that altcoins could be on the verge of a significant gathering.
An increase in the total of 3 against the American money supply suggests that altcoins gain value compared to the total liquidity of the American economy, reflecting an increase in interest in investors and capital entries to altcoins.
Marks stressed that altcoins recently rebounded on a level of critical retest after a breakup and said,
“Altcoins have rebounded on the new test against the American money supply and can deliver one of their most powerful races since 2017!”
Similarly, the Crypto Anonymous trader mustache shared an analysis on X, highlighting a weekly head model and weekly shoulder in the total graph3. By comparing 2021 and 2025, the graph reflects the season of Altcoin 2021 when the best altcoins jumped 174% against 20% of Bitcoin during the last stage. The model, a bullish inversion indicator, suggests a rally, the analyst providing “much higher levels” for altcoins.
“Altsason” triggers a mixed feeling among analysts
While some analysts are on the train from the Altcoin rally, others approach caution. The Technical Analyst Crypto Science explained that the recent increase in the market capitalization of Altcoin has not yet reflected an optimistic change in trend of higher time (HTF). The analyst noted that the total tendency2 remained downwards after reaching resistance at 1.25 billion of dollars, and said, said
“Since BTC and Total are close to the resistance zone and that Total2 still has room, I am inclined to believe that we are distributing.”
Likewise, the commentator of Crypto Donaxbt argued that a significant rupture of the tendency line of the domination of Bitcoin is essential for altcoins to undergo a substantial decision. The accompanying graph reveals that the domination of Bitcoin is greater than 60%, the weekly trend with an intact rise.
According to the analyst, a drop below 60%, followed by a holding of the support area between 56%and 58%, could serve as an initial catalyst for a full -fledged Altcoin season to emerge.
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The volume of trading of Altcoin spots is still less than $ 10 billion
Cryptocurrency data indicates that Altcoin punctual trading volumes remain moderate, with an average of $ 3 billion to $ 5 billion / per day, compared to $ 8 billion – 12 billion dollars / per day in the fourth quarter 2024, which indicates that altcoins are at the first stages of a rally. Despite these lower volumes, market observers see this as a precursor of significant growth, which suggests that Altcoins have not yet reached their peak momentum.
The Altcoin index of the season, currently at 24, takes place these prospects by confirming that the market is in the Bitcoin season, as indicated by Blockchaincenter.net. Historically, an index less than 25 indicates the domination of Bitcoin, but this can be a positive configuration for altcoins. When the index rises above 30 to 40, altcoins often experience significant pumps, driven by the rotation of capital from bitcoin.
With trading volumes showing the first signs of recovery and the Altcoin season index pointing to a quarter of work, the optimism of investors for an Altcoin rally increases.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
