- Analysts see altcoins forming a possible macro bottom
- Total crypto market cap lost $100 billion since Thursday
- Traders await confirmation of a new altcoin season trend
Altcoin season speculation is returning even as the broader crypto market remains under pressure. According to chart data shared by analyst JAVON MARKS, altcoins may be forming a macro bottom against Bitcoin after months of weakness. The setup comes as several major cryptocurrencies continue to decline, with total crypto market capitalization losing roughly $100 billion since Thursday.
Altcoin Season Structure Suggests Macro Bottom Formation
The chart titled “SOTHERSBTC – Algo vs BTC” tracks the relative strength of altcoins compared to Bitcoin. JAVON MARKS believes the current structure reflects deep downside exhaustion after a prolonged correction phase.
Historically, similar accumulation zones have appeared before major altcoin season rallies. During these periods, capital often rotates away from Bitcoin and into higher-risk crypto assets. The current setup has not confirmed a breakout yet, but traders are watching closely for sustained momentum.
The chart’s long-term range stretches from near zero to above 21.00000, highlighting how sharply altcoins have corrected over time. Despite the recent bearish pressure, analysts argue the market may now be entering a stabilization phase.
Altcoin Season Narrative Faces Pressure From Market Declines
The latest market selloff continues to weigh heavily on the altcoin sector. Ethereum dropped more than 3.5% to around $2,170, marking a multi-week low. XRP traded near $1.40, while BNB slipped 4.5% toward $650.
Solana also faced heavy selling pressure and declined roughly 5.5% during the latest market downturn. Other large-cap altcoins, including LINK, AVAX, SUI, and ZEC, remained deep in negative territory.
HYPE recorded one of the steepest declines among larger-cap assets after losing 10% following a strong rally the previous day. STABLE, ENA, and VVV also posted double-digit losses across the past 24 hours.
Despite the widespread decline, some analysts believe these sharp corrections could support the long-term altcoin season thesis if Bitcoin dominance begins to weaken and market liquidity rotates back into alternative crypto assets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.