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Institutional investors could be blocking the path for altcoin season

Institutional investors could be blocking the path for altcoin season
The article discusses the current sentiment in the crypto market and questions whether an altcoin season is still possible. The Bitwise crypto asset sentiment index reflects the negative vibes in the market. The article mentions that the institutional entry into crypto has changed the traditional flow of capital and institutional sentiment is currently bullish. However, institutional investors are unlikely to swap their bitcoin holdings for altcoins. The article also mentions that Robinhood's earnings from the previous quarter show a surge in revenue from crypto trading, indicating a comeback of retail investors. The author emphasizes the importance of data over vibes and suggests that an altseason-like frenzy could still occur if the right events align.

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