Bitcoin is dropping while the altcoin season is on hold.

Bitcoin's Decline and the Condition of the Crypto Market

Bitcoin's recent value loss is being evaluated as part of a broader deleveraging process in the cryptocurrency market. Investors do not interpret this situation as a shift towards altcoins.

Weakness in Altcoins

Despite Bitcoin's decline, altcoins are not showing significant strength. This situation indicates that the altcoin season has not started under current conditions. Market observers note that this limits potential investment opportunities.

On-Chain Data and Market Activities

On-chain data shows stability in the markets. The intensity and fee increases typically characteristic of altcoin cycles are not being observed during this period. This indicates that the uncertainty of the altcoin season remains.