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coinpedia 2025-01-14 10:18:45

Will Altcoin Season Return? Crypto Analyst Miles Deutscher Weighs In

The post Will Altcoin Season Return? Crypto Analyst Miles Deutscher Weighs In appeared first on Coinpedia Fintech News As we move into 2025, the crypto community is buzzing with debates about whether an “alt season” will happen again. According to well-known crypto analyst Miles Deutscher, the answer isn’t as straightforward as a simple yes or no. His view looks at how market conditions are changing and how altcoins are evolving. Don’t Rely on a Big Altcoin Surge This Year In a recent tweet, analyst Miles Deutscher recently highlighted the need to truly understand what “alt season” means. While he believes a rise in the altcoin index could happen again this year, he warns against expecting a repeat of the euphoric, months-long rally seen in 2021. Will there ever be an "alt season" again? Seeing a lot of discussion about this on the TL. Here are my thoughts. Firstly, it depends on your definition of "alt season". If you're referring to the index, then yes, I expect it to spike again at some point this year. If you're… pic.twitter.com/7V5MFxRc9H — Miles Deutscher (@milesdeutscher) January 14, 2025 Deutscher explains that the conditions driving the 2021 alt season were unique. Factors such as quantitative easing (QE), government stimulus, and a fast recovery in equity markets were unique. These factors are unlikely to occur again, and relying on the hope of another massive rally could lead to disappointment and poor decisions. Instead of waiting for a large altcoin season , Deutscher suggests adjusting strategies. He advises traders to expect short-lived rotations into altcoins and to secure profits early, minimizing the risk of being unprepared if the market reverses. “If a larger alt season happens, that’s great,” Deutscher said. “But don’t rely on it. Be ready to take profits and avoid complacency.” Binance Altcoin Dominance Hits 78% Binance’s altcoin trading volume has surged by 11% since May 2024, reaching 78% of its total volume by January 2025. Burakkesmeci, a contributor to CryptoQuant, pointed out that this increase shows a growing interest in altcoins. He believes this trend could lead to a potential bull market in 2025. As the largest crypto exchange, Binance has seen a shift toward altcoin pair trading, which now makes up more than 77% of its total trading volume. This rise in altcoin activity is part of a wider trend in the crypto world, with investors exploring opportunities beyond Bitcoin and Ethereum.

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