
Jakarta, Pintu News – While Bitcoin is hitting new record highs, altcoins are yet to start their bullish cycle. In fact, altcoins are going through a very challenging phase. The duration of the current altcoin bear market has surpassed the longest duration in history, raising concerns as well as speculations among investors and market analysts.
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Although the month of May did not bring the “sell in May” effect that exacerbated the altcoin decline, the altcoin market capitalization (TOTAL3) still needs to grow 40% to reach its previous record high.
According to analysts known as Cyclop, the “OTHERS/BTC” chart, which tracks the market capitalization of altcoins (excluding the top 10 coins) compared to Bitcoin (BTC), shows that the current bear cycle has lasted more than 1,200 days.
Compared to the previous bear cycle which only lasted about 945 days, the Cyclop chart shows that the altcoin has experienced 1,247 days of distress, with the ratio dropping from 0.5 to 0.11. This reflects the huge selling pressure and continued pessimism in the altcoin market.
Also read: 5 Potential Crypto to Consider in June 2025
Despite the prolonged bear cycle, analysts are not entirely pessimistic. Cyclops, for example, relies on market psychology. He argues that when sentiment bottoms out, the market is usually close to bottoming out.
Meanwhile, Crypto Dan predicts that if the altcoin season arrives in 2025, it will last longer than usual to match the scale of the influx of institutional capital. Another analyst, Decode, shares Dan’s view.
He believes that the long wait that has almost reached the point of desperation from altcoin investors will pay off. BeInCrypto recently reported that institutions are starting to switch from holding Bitcoin (BTC) to altcoin accumulation, starting with Ethereum and Solana . Experts predict that Public Crypto Vehicles (PCVs) will start investing in the top 50 altcoins.
Read also: Robert Kiyosaki Chooses Silver Over Bitcoin and Gold, Targeting 3x Profits in 2025?
The possibility of an altcoin season fueled by institutional scale could be an unprecedented phenomenon. However, some analysts warn that if altcoin season happens, it might mark the final stage of the market’s overall bull cycle, which might be followed by a major crash.
Investors like Captain Faibik, who have been holding altcoins hopefully, may see their decisions pay off, even though they have been subject to persistent declines. This sentiment is shared by many in the market, who continue to monitor developments in hopes of a short-term recovery.
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