Altcoin Season Delayed Until at Least 2026, Warns Bitget CEO
Bitget CEO Gracy Chen sounded the alarm on altcoin season, warning that it will not materialize in 2025 or 2026. In a stark assessment, she stated that the anticipated rally may be permanent.
The damage to altcoin markets was inflicted by an October 11 event and compounded by over a year of declining venture capital funding for Web3 projects. Chen described the current market phase as one of 'doubt', reflected in the Crypto Fear and Greed Index reading of 30 at press time.
According to research firm 10x Research, momentum has decisively moved toward Bitcoin while altcoin liquidity continues to decline. The firm's analysis showed altcoins underperforming Bitcoin by $800 billion during the current cycle, with retail investors absorbing the losses.