At a major crypto summit, Bitget’s Chief Operating Officer Vugar Usi Zade challenged the bullish narrative of an imminent “altcoin season.” Despite chatter across trading forums, he argued there is currently “no logical reason” for a broad market-wide surge in altcoins, warning investors against speculative overreach.
Bitcoin’s Dominance in Focus
Bitcoin dominance—the share of BTC relative to the entire crypto market cap—currently sits near 56%, up from 49% earlier this year. Historically, altcoin seasons emerge when Bitcoin dominance falls sharply, freeing capital for alternative tokens. Zade argued that in the absence of such conditions, hopes for a generalized altcoin rally are misplaced.
Quantitative Market Trends
Altcoin performance remains uneven. While Ethereum has climbed 12% in Q3 2025, other large caps like Solana and Cardano are down 8% and 5% respectively in the same period. Daily trading volumes for mid-cap tokens have also stagnated, with many projects seeing a 20–30% drop compared to last year’s activity.
Stablecoin inflows—a key liquidity driver—are flat, with Tether’s market cap holding around $118 billion, suggesting that new liquidity is not entering altcoin markets at scale.
Investor Psychology
The COO emphasized that sentiment is shifting from hype-driven bets to selective positioning. Retail investors are demanding stronger fundamentals, while institutions are focusing on liquid majors. The psychological pivot from “everything rallies” to “quality over quantity” may dampen speculative excess, at least in the short term.
Forward Outlook
A broad-based altseason may not be imminent, but selective opportunities exist. Tokens tied to real-world asset projects, scaling solutions, and AI-integrated chains could still outperform. Without major liquidity expansion, however, investors should brace for a fragmented market where winners and losers diverge sharply.
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