Does Altcoin Season Still Exist? Kevin O’Leary Says “No”

Benzinga

Kevin O’Leary says the altcoin era is over — and explains why most altcoins aren’t bouncing back after corrections. Investors are sticking to Bitcoin and Ethereum, which he claims capture 97.5% of crypto’s alpha. With Bitcoin trading around $87,173 and Ethereum near $2,804, O’Leary argues that “irrelevant tokens” no longer matter. Altcoin Season Index sits at 23, signaling a Bitcoin Season. Here’s what that means for the market.  Source: https://www.benzinga.com/crypto/cryptocurrency/25/12/49152628/kevin-oleary-says-altcoins-not-bouncing-back-as-investors-realize-bitcoin-and-ethereum-are-all-you-need-in-crypto-they-have-no-use-case

Transcript

00:00Altcoins used to crash and bounce back every time, but not this cycle, and Kevin O'Leary

00:05says the reason why is brutally simple. You see, according to O'Leary, investors finally

00:10realize something they've ignored for years. Bitcoin and Ethereum already captured 97.5%

00:17of the crypto market's alpha. So when the market corrects now, investors aren't rotating back into

00:22altcoins, they're rotating out. O'Leary says most altcoins have no use case. And because investors

00:29know that, the bounce that used to happen after every sell-off just isn't happening anymore.

00:35CoinMarketCap's altcoin season index is only 23, which signals a Bitcoin season, not an altcoin

00:41rally. Altcoin season only starts when 75% of the top 100 coins outperform Bitcoin over 90 days,

00:48and we're nowhere close. At the time of recording, Bitcoin is trading around $87,000 in Ethereum near

00:552,800. But even as Bitcoin dips slightly in dominance from 59.2% to 58.9%, altcoins still

01:03aren't showing real recovery. O'Leary says the market is maturing, Gen Z is buying Bitcoin and

01:09ETH the same way they buy traditional stocks. And every sell-off is revealing the same pattern,

01:15only two assets consistently bounce back and the rest don't. Follow Benzinga for more crypto news

01:20impacting the markets.

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