Bitcoin dominance (BTC.D) dropped sharply to a 7-month low. This decline coincides with a rising altcoin index, prompting hypothesis in regards to the onset of an altseason.
Nevertheless, Ray Youssef, CEO of the crypto platform NoOnes, disclosed to BeInCrypto that the altcoin season isn’t just starting however is at its peak, difficult prevailing market analyses.
Did Altcoin Season Actually Begin?
In accordance with the most recent information, BTC.D fell to 59.3% right now, its lowest degree since February 2025.

On the similar time, the BlockchainCenter Altcoin Season Index rose to 53. This recommended the market has not but met the conventional altcoin season threshold of 75. Nonetheless, the expansion is sort of important, main many specialists to foretell the beginning of an altseason.
“Altcoin season confirmed,” James Wynn said.
Nonetheless, Cas Abbé, a famous market commentator, argued that the present market state displays an ‘Ethereum Season’ reasonably than a broad altcoin rally.
“We’re within the Ethereum Season, as the vast majority of liquidity is flowing into ETH. For Altseason, we want extra retail liquidity which gained’t come till ETH hits a brand new ATH. As soon as that occurs, Others/BTC pair will begin to present power and will even breakout of this downtrend. My timeline is that it’ll occur in Oct/Nov 2025,” Abbé posted.
In the meantime, different specialists view Ethereum’s power as a precursor to a broader incoming altcoin surge.
Ray Youssef on the True Begin of Altcoin Season: It Started in April
Whereas opinions fluctuate, one factor is evident: these analysts consider that both the altcoin season hasn’t really began but, or we’re nonetheless originally. Nevertheless, Ray Youssef disagrees with this projection.
“The altcoin season strikes quick, and it’s all too straightforward to mistake the top for the start. What might really feel like the beginning proper now could be, at greatest, the center of the run,” he advised BeInCrypto.
Youssef asserted that from late June to early July, the market supplied many funding alternatives, or bargains, with cryptocurrencies like Dogecoin (DOGE), Solana (SOL), XRP (XRP), Cardano (ADA), and others.
He recommended that the rise in these property could possibly be seen as an indicator that the altcoin season had begun. Nevertheless, Youssef believes April can be a extra correct place to begin for the altcoin season. On the time, Ethereum rebounded from $1,500.
Moreover, he pointed to the drop in Bitcoin’s dominance and the truth that over 30 altcoins have outperformed Bitcoin within the final 90 days as proof of the altcoin season’s peak.
“This yr’s alt season has mirrored the altering seasons in nature — a protracted April thaw, a cold June, and solely by late July-early August did summer season really arrive for altcoins. Autumn will come rapidly, and costs will fall like leaves in October,” the chief commented.
Youssef sees potential for established altcoins like Solana and XRP to considerably improve their market worth, presumably by a big margin. In accordance with him, if the cash succeed, they may transfer past the ‘altcoin’ class and turn into main gamers available in the market, stepping out of Ethereum’s shadow.
“If that occurs — and provided that Solana’s community, for instance, is arguably higher suited to funds than Ethereum — it could be a severe check for Ethereum and an actual trial for the altcoins tied to it,” he remarked.
He additionally recommended that as institutional funding in Bitcoin and Ethereum continues, it may drain them of their volatility. Due to this fact, after this, meme cash like DOGE, Pepe (PEPE), Shiba Inu (SHIB), and Floki (FLOKI) may expertise a resurgence.
“The influx of institutional capital into Ethereum will prolong the summer season for altcoins — however the actual query is, for the way lengthy and which cash will profit. By the point crypto winter arrives, those that acquired this institutional backing are the almost definitely to carry their worth. Speculative tokens with no actual utility, no customers, and no position within the rising Web3 economic system will vanish for good,” Youssef talked about to BeInCrypto.
The CEO’s diverging perspective prompts a reevaluation of the present market state, significantly with institutional capital flows shaping the following part of cryptocurrency development.
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