The Crypto Market Begins to Recover: Investors Expecting the Altcoin Season to be Approaching?

As the crypto market gradually recovers after a period of instability and volatility due to macroeconomic factors, market sentiment is witnessing a significant transformation. Investors are becoming increasingly optimistic about future prospects, especially regarding altcoins – the cryptocurrencies that serve as alternatives to Bitcoin. Investor Psychology Gradually Shifts Towards Altcoin According to a recent survey of 2,000 South Korean investors conducted by CoinNess and Cratos, investor interest is shifting from Bitcoin to altcoin. While 33% of participants predict that the price of Bitcoin will increase this week, 35.7% believe that the market will maintain a stable state. Only more than 31% expect prices to decrease. On the altcoin side, although prices are still struggling to recover, many investors believe that a new bounce — aka "altcoin season" — may be imminent. Specifically, more than 36% believe that altseason will start in Q3 of this year. Meanwhile, 22% predict this will fall in Q4, and 16.7% think altseason could start as soon as the current quarter. However, there is also a segment of investors who remain cautious: 13.3% do not expect a strong rally this year, and 11.3% even think that the altcoin season is over. Market Psychology Is Still Not Really Stable Despite a certain level of optimism regarding prices, the overall sentiment in the market remains quite cautious. About 46% of investors report feeling fearful or extremely fearful. Meanwhile, 29.3% maintain a neutral attitude, and only 24.7% actually feel optimistic or extremely optimistic. The Altcoin Season Index Remains Low Data from CoinMarketCap shows that the Altcoin Season Index is currently at 16 – much lower than the threshold needed to start a real altcoin season. This indicates that Bitcoin is still dominating the crypto market, especially after the strong rebound from the $75,000 range, which was affected by tariff policies from the Trump administration. Since the launch of Bitcoin ETF funds in January 2024, the leading coin in this market has maintained a market share of over 60%, while the total market capitalization of altcoins remains below 40%. Bitcoin rises, altcoins remain "stagnant" As of now, Bitcoin has surpassed the $87,000 threshold and is trading at $88,054, up about 3% over the past week. However, major altcoins like Ethereum ( are currently at $1,575), XRP ( at $2.08), and Solana ( at $138.91) are showing slight signs of weakness in the past 24 hours, decreasing by 0.5%, 0.3%, and 0.2% respectively. Analysts Share Positive Insights Altcoin analyst Gordon thinks that the market is entering a period of strong growth, with many technical indicators suggesting a bull market cycle is about to begin, paving the way for altcoin season. While we haven't seen a major breakout from altcoins yet, technical factors and market sentiment are creating a positive backdrop for an upcoming rally. Summary: Although the market sentiment is still cautious, signals from investors and experts are showing great expectations for the start of the altcoin season. In the context of Bitcoin's strong recovery, the question arises: Will altcoin catch up and surpass in the coming months?