BEARISH 📉 : Analyst declares start of inverted altcoin season amid structural breakdowns
The cryptocurrency market recently rebounded 15% from multi-year lows, but investor sentiment remains low. Market observer Ali Martinez suggests an "inverted altcoin season" has begun, differing from traditional cycles where Bitcoin's rise typically leads to a broad altcoin rally. Instead, many altcoins are breaking down structurally, presenting opportunities for traders who adapt their strategies.
- Cryptocurrencies like Filecoin, Polkadot, Avalanche, and Cardano are showing signs of structural breakdown.
- The current pattern suggests selective declines rather than a broad rally.
In a recent panel, Bitget CEO Gracy Chen expressed that a broad altcoin rally might not happen again, potentially complicating conditions for crypto businesses. Analyst Altcoin Sherpa highlighted the market's transition to shorter uptrends followed by longer downtrends, advising investors to capitalize on brief rallies while noting quicker recovery times for altcoins compared to previous cycles.
