{"id":25875,"date":"2025-08-06T15:44:24","date_gmt":"2025-08-06T12:44:24","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfinex-analysts-report-decline-in-altcoin-demand\/"},"modified":"2025-08-06T15:44:24","modified_gmt":"2025-08-06T12:44:24","slug":"bitfinex-analysts-report-decline-in-altcoin-demand","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfinex-analysts-report-decline-in-altcoin-demand\/","title":{"rendered":"Bitfinex Analysts Report Decline in Altcoin Demand"},"content":{"rendered":"

The tepid recovery of altcoins following the correction of the leading cryptocurrency has cast doubt on the continuation of the altcoin season, according to analysts at the Bitfinex<\/a> exchange.<\/p>\n

On August 3, Bitcoin’s price briefly dipped to ~$112,000. At the time of writing, the price of the digital gold stands at $114,213 (-0.5% over the day), according to CoinGecko<\/a>.<\/p>\n

\"Bitfinex
15-minute BTC\/USD chart from Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

How Are Altcoins Faring?<\/h2>\n

Over the week, Solana fell by 7.8%, XRP by 4.7%, and Dogecoin by 8.4%. Bitfinex analysts noted that recent Bitcoin price movements have not led to a sustained increase in demand for alternative coins.<\/p>\n

The decline occurred despite signals that have historically preceded sector rallies. Over the past 30 days, Bitcoin’s dominance has decreased by nearly 5.5%, while Ethereum’s price has risen by 40%.<\/p>\n

According to Bitfinex analysts, the simultaneous drop in quotes indicates profit-taking by investors rather than a shift to riskier assets. They pointed to a decrease in “speculative appetite” across the market.<\/p>\n

The OTHERS index, which tracks altcoins outside the top 10, has fallen by 18.7% over the past ten days. Experts believe the market is moving towards consolidation. New macroeconomic drivers or an influx of funds into crypto ETFs could change the situation.<\/p>\n

Other Opinions<\/h2>\n

Some experts disagree with the notion of the altcoin season ending. An analyst known as Ted described the current situation as “the best opportunity to accumulate utility coins.”<\/p>\n

\n

#AltSeason<\/a> Index is looking like this, and people are calling for a top.<\/p>\n

We’re in a post-halving year, and yet it’s #Bitcoin<\/a> season.<\/p>\n

This is your best opportunity to stack utility alts before they go parabolic. pic.twitter.com\/bkHPAK0ZaK<\/a><\/p>\n

\u2014 Ted (@TedPillows) August 5, 2025<\/a><\/p><\/blockquote>\n