Bitcoin is dropping while the altcoin season is on standby.

The Decline of Bitcoin and the State of the Crypto Market

Bitcoin's recent value loss is seen 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 an altcoin season has not yet begun under current conditions. Market observers note that this limits potential investment opportunities.

On-Chain Data and Market Activities

On-chain data demonstrate stability in the markets. The typical characteristics of altcoin cycles, such as intensity and fee increases, are not observed during this period. This indicates that the uncertainty surrounding an altcoin season remains.