CandleFocus

Is Bitcoin bull run over? Here’s what to expect from altcoins as the market cools off

Is Bitcoin bull run over? Here’s what to expect from altcoins as the market cools off
The article discusses the recent flash crash in the price of Bitcoin, which dropped from $100,000 to a low of $91,300. Since then, Bitcoin has consolidated within a range of $95,500 to $99,000. Altcoins are struggling to gain momentum as Bitcoin dominance remains high. The Solana (SOL) ecosystem has experienced a decline in market capitalization, losing over 7% of its value in the last 24 hours. This can be attributed to controversy surrounding meme coins and declining sentiment in the altcoin market. Despite lower volatility, Bitcoin is unlikely to have reached its peak in this market cycle. The total crypto market capitalization, excluding Bitcoin, has also dropped nearly 20% in February 2025. Traders are cautious, and institutional exposure to crypto has slowed down. The Altcoin Season Index suggests that it is not yet an altcoin season, but this may be a good time for buyers to accumulate altcoins. Token prices for Bittensor (TAO), Pyth Network (PYTH), Dogecoin (DOGE), and others are currently below average and could recover once the altcoin rally resumes. Technical indicators suggest potential gains for these tokens. Derivatives traders have taken a cautious approach on the Chicago Mercantile Exchange, with bearish sentiment and declining premiums. The question of whether the Bitcoin bull run is over is being raised, but some believe that volatility forecasts indicate a rise in BTC price in Q3.

Related News