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Bitwise CIO Predicts Bitcoin Bull Market Won’t End Early — Expects an ‘Everything Season’ The chief investment officer at Bitwise Asset Management has explained why the current bitcoin bull market differs from prior bull markets. He doesn’t expect the bull market or the alts season to “end early,” emphasizing that he expects to see “more of an ‘everything season,'” rather than a classic alts season. Bitwise’s CIO Predicts an ‘Everything Season’ Not Just a Classic ‘Alts Season’ Bitwise’s chief investment officer, Matt Hougan, shared his perspective about the start of an “alts season” in a series of posts on social media platform X on Friday. “Alt season” refers to a period in the cryptocurrency market when alternative cryptocurrencies (altcoins) see significant price increases and trading volume. “Lots of discussion out there about the early start of alts season, and some surprise that it’s happening.

The Altcoin Season Index provided a comprehensive overview of the broader market dynamics. The index was 49 at press time, signaling a neutral stance between Bitcoin and altcoins. This follows a sharp decline from its earlier high of 75, which marked a dominant altcoin rally. This drop suggests a shift in market sentiment, with Bitcoin regaining favor. Mixed performances within the altcoin sector accompany the index’s decline. Notable assets such as Ethereum [ETH] (up 2.5%) and Solana [SOL] (up 4.14%) have posted gains, yet the broader altcoin market remains fragmented. The oversold/overbought chart offers additional insight, showing a divergence in performance. XRP and Aave [AAVE] are in overbought territory, implying potential corrections, while oversold assets highlighted buying opportunities for speculative traders. $ALT

Comparing Solana and Cardano this mini alt-season The altseason is expected to run for a while longer, and Bitcoin could witness gains as well. Bitcoin [BTC] bulls have applied a lot of pressure in the past five months. Notably, Bitcoin ETFs have spurred prices near the all-time highs. In turn, this has led to a massive influx of capital into the altcoin market. In a post on X (formerly Twitter), Santiment observed that the altseason hadn’t slowed down this weekend. The meme coins saw triple-digit rallies over a few days, but the large-cap coins have also done well. Source: Santiment Among the top 10 cryptos by market capitalization, Cardano [ADA] and Solana [SOL] have the best performance over the past seven days — excluding Dogecoin [DOGE] which has gained 64%. ADA rallied 23.82% over the past week, while SOL stood at 24.97% in gains. AMBCrypto looked at some relevant metrics on Santiment. The .

The cryptocurrency market is indeed undergoing a significant shift, with altcoins stealing the spotlight. This phenomenon is often referred to as "altcoin season" ¹. During altcoin season, investors tend to move away from Bitcoin and towards alternative cryptocurrencies, seeking higher returns and diversification. This shift in sentiment can lead to substantial price increases for altcoins, making them an attractive investment opportunity. Several signs point to the possibility of an altcoin season: - *Declining Bitcoin Dominance*: Bitcoin's market capitalization relative to the total crypto market has been decreasing, indicating a shift in investor interest towards altcoins ¹. - *Altcoin Outperformance*: Altcoins have started to show higher returns than Bitcoin, attracting more investors to the space ¹. - *Increased Volume in Altcoin Trading*: There's been a surge in trading activity for altcoins, further fueling their price growth ¹. Some of the top-performing altcoins include those focused on emerging technologies like AI, DeFi, and gaming. Keep in mind that investing in altcoins carries inherent risks, and it's essential to do your own research and set clear investment goals before diving in ¹.$ALT

This current market situation reminds me of one of those scenarios where alts put in their lows before $BTC does. We can bounce from here for a week or w/e, put in some lower highs, then BTC could visit high 80K's while alts simply retest lows or put in a higher low or something. Alt blood should be peaking.