{"id":92085,"date":"2025-12-11T14:22:42","date_gmt":"2025-12-11T11:22:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92085"},"modified":"2025-12-11T14:25:27","modified_gmt":"2025-12-11T11:25:27","slug":"analyst-dull-market-dampens-hopes-for-altcoin-season","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-dull-market-dampens-hopes-for-altcoin-season\/","title":{"rendered":"Analyst: ‘Dull’ Market Dampens Hopes for Altcoin Season"},"content":{"rendered":"

The cryptocurrency market lacks the volatility needed to trigger a full-fledged altcoin season, according to Saad Ahmed, head of the Asia-Pacific division of the Gemini exchange, in an interview with DL News<\/a>.<\/p>\n

He noted that the platform no longer sees the previous excitement from retail traders, which was once the main driver of growth for alternative coins.<\/p>\n

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“Investors used to lock in crazy profits, but we don’t see that now. Much of that retail frenzy was driven by this market feature, and now it’s gone,” the expert explained.<\/em><\/p>\n<\/blockquote>\n

Previous bullish phases were marked by high volatility and traditionally began with a Bitcoin rally. After securing profits, traders would redistribute capital into riskier assets like Ethereum and Solana<\/a>.<\/p>\n

Now, things have changed: the market is dominated by institutional investors with “long-term horizons.” Their presence smooths out price fluctuations and slows the rotation of capital into altcoins.<\/p>\n

Bitget CEO Gracy Chen confirmed the trend:<\/p>\n

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“Traders dealing with alternative coins faced a terrible risk-reward ratio after the <\/em>October 10-11 crash<\/em><\/a>. Let’s be realistic \u2014 altcoin season won’t come in 2025 or 2026.”<\/em><\/p>\n<\/blockquote>\n

Where Have the Retail Traders Gone?<\/h2>\n

Ahmed noted the flow of risk-prone retail traders’ capital into the stock market. The tool for this has been crypto treasuries (DAT) \u2014 public companies created specifically to accumulate digital assets, often using financial leverage.<\/p>\n

Over the past year, shares of such firms have shown volatility comparable to high-risk crypto investments.<\/p>\n

For example, shares of Cantor Equity Partners \u2014 a SPAC<\/span> company that transformed into Bitcoin treasury Twenty One Capital after a merger \u2014 surged by about 500% following the announcement<\/a> of its business transformation.<\/p>\n

Shares of SharpLink Gaming, which announced a strategy to accumulate Ethereum in the summer, rose by 3800%.<\/p>\n

However, the rapid rise was followed by a correction. Twenty One ended<\/a> its debut session with a 20% drop. SharpLink is trading 60% below its peak values.<\/p>\n

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Source: Yahoo Finance<\/a>.<\/figcaption><\/figure>\n

Despite the lack of retail excitement, interest in crypto assets remains high. However, it is primarily driven by institutional investors.<\/p>\n

Experts have not ruled out the return of private traders to the market. However, they noted that until this happens, high volatility and the start of a classic altcoin season should not be expected.<\/p>\n

Gemini to Enter Prediction Market<\/h2>\n

The Gemini crypto exchange has received a license from the Commodity Futures Trading Commission (CFTC) to launch a regulated platform for placing bets on event outcomes.<\/p>\n

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We\u2019ve just received a Designated Contract Market (DCM) license from the @CFTC<\/a> which will allow Gemini to begin offering prediction markets to U.S. customers.<\/p>\n

\u2014 Gemini (@Gemini) December 10, 2025<\/a><\/p><\/blockquote>\n