Altseason may be over as ETFs, perps and structured products keep capital locked in Bitcoin and high-cap assets.
Bitcoin exchange-traded products may have fundamentally altered the concept of a crypto “altseason.”
For years, the crypto market followed a familiar rhythm, a near-predictable dance of capital rotation. Bitcoin (BTC) surged, bringing mainstream attention and liquidity, and then the floodgates opened to altcoins. Speculative capital rushed into lower-cap assets, inflating their values in what traders euphorically deemed “altseason.”
However, once taken for granted, this cycle shows signs of a structural collapse.
