Whales Close Longs Except for Two Altcoins, Analytics Company Says Is Altcoin Season Coming, Analysts Answer

Cryptocurrency analytics firm Alphractal has released a new market analysis that looks at the ongoing altcoin accumulation and changing trends by whales and retail investors. According to Alphractal, altcoins remain in the accumulation phase, and a potential Altcoin Season could emerge if Bitcoin (BTC) stumbles. The firm noted that the crypto market has been in a downtrend since October 2024, with sentiment turning increasingly pessimistic since December. Despite this, Alphractal predicts a market revival between April and May, even if BTC suffers further declines. The firm also highlighted the potential for new crypto launches in 2025, particularly in the GameFi and DeFi sectors, which could gain traction by mid-year. Related News: BREAKING: Coinbase Announces to List a New Altcoin with Experimental Label BTC recently surpassed $85,000, but Alphractal’s analysis shows that whales are increasingly opting for short positions over long positions. While retail traders remain optimistic, major market players appear to be positioning for potential corrections. According to the analytics firm, whales in the altcoin market have largely been closing long positions and maintaining short positions, with a few exceptions such as Verge (XVG) and MyNeighborAlice (ALICE) where whale sentiment remains bullish. *This is not investment advice. Continue Reading: Whales Close Longs Except for Two Altcoins, Analytics Company Says Is Altcoin Season Coming, Analysts Answer