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According to the Analysis Company, Whales closed Long positions except for two altcoins! Is the Altcoin Season Coming? Analysts answered!
Crypto analysis firm Alphractal conducted a new market analysis addressing the ongoing accumulation of altcoin by whales and retail investors, as well as changing trends.
According to Alphractal, altcoins continue to remain in the accumulation phase, and a potential Altcoin Season may emerge when Bitcoin (BTC) stumbles. The firm noted that the crypto market has been in a downtrend since October 2024, and sentiment has become increasingly pessimistic since December. Nevertheless, Alphractal predicts that the market will revive between April and May, even if BTC experiences further declines.
The company also highlighted the potential for new crypto launches that could attract interest in the GameFi and DeFi sectors by mid-2025.
BTC recently surpassed 85,000 dollars, but Alphractal's analysis shows that whales increasingly prefer short positions over long positions. While retail investors maintain their optimism, it seems that large market players are positioning themselves for potential corrections.
According to the analysis company, in the altcoin market, whales are largely closing long positions and maintaining short positions, with a few exceptions where whale sentiment continues to rise, such as Verge (XVG) and MyNeighborAlice (ALICE).