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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