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Why is the Anticipated Altcoin Season Not Coming? Analysts Revealed the Real Reason
10x Research, which assesses the latest developments in the crypto currency markets, revealed the main reasons for the altcoin season not starting in its published analysis.
According to the report, despite Bitcoin trading at record levels and an increase in institutional fund inflows, there is no significant activity in the altcoin market. Analysts suggest that this situation is due to a lack of new trends in the market and selling pressure caused by unlocks on a large number of tokens.
According to 10x Research, the low liquidity environment makes it difficult to sustain rises in altcoin prices. The analysis states that "the old scenario that once worked with hype and leverage is now ineffective against a 4.5% yield on US Treasury bonds," and it was noted that even Ethereum has quietly entered a period of 'staking for modest returns'.
The analysis also stated that there is no need for very large capital to raise the prices of altcoins, and that a few large buy orders could easily move a low-liquidity market. However, it was expressed that broad individual investor participation is essential for this rise to be sustained, and that the main problem begins here.
*It is not investment advice.
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