According to a recent encrypted report written by analyst Joao Wedson, the Altseason or Altcoins season could be driven by the actions of Altcoins Flows, which are exchanges for the highest volume in the world.
Binance's Net Flow Heat Map, observed below, is an indicator that measures the inputs and outputs of Altcoins on the platform. It reveals an increase in setbacks from several cryptocurrencieshe points out in his report.
The negative net (red) flow shows that Users are retiring Altcoins to their personal walletsuggests the potential for accumulation and trust on these assets.
Las Altcoins Con Mayores Salidas inclyuyen jin jin coin (enj), smooth love potion (slp), fetch.ai (fet), amp (amp), ether (eth), curve dao token (crv), bancor (bnt), 1inch network (1inch), aavegotchi (ghst), gitcoin (gtc), gid guds (link), ANKR (ANKR), Myneighborlice (Alice), Maker (MKR), Synthetix (SNX), 0x (ZRX), DoDO (DODO)Y Origin Protocol (OGN).
“This shows strong public interest in withdrawing these altcoins from exchanges. This is a clear indication of accumulation and trust in the assets,” Wesson says. AltSeason is known for its potential to generate significant profits and attract the attention of investors in the cryptocurrency market.
This movement It could be interpreted as a long-term commitment to investorswho likes to protect assets other than exchanges.
Specific cases of Ethereum
In that part, Ethereum's native active ether (ETH), the second cryptocurrency of market capitalization, stands out as a special case.
Despite irregular performance over the past few months, the data shows a sustained interest in accumulation. Binance ETH Retreat Replacement reserves have decreasedIt strengthens expectations of future valuation of its prices, according to analysts.
ETH has so far reached $2,700 since May. This is a level that will not be seen since February of this year. but, Please 46% below the maximum history Registered four years ago for $4,800.
Despite this gap, interest in ETH accumulation does not diminish. Wedson describes the behavior as “interesting.” This is because investors seem to prioritize long-term possibilities.even in the context of volatility.
Are we really facing the alto season?
The concept of AltSeason does not have its own definition, Typically, it is identified when at least 75% of the 50 main altcoins exceed Bitcoin performance (BTC) 90 days.
However, data from BlockChaincenter Explorer shows that only 18% of these Altcoins outweigh BTC in that period. This percentage suggests that the market is not compliant with AltSeason standards.
Furthermore, to consolidate the AltS season, Bitcoin prices must remain stable at new historic maximums over the long term. For now, this scenario has not been realizedmaintains uncertainty regarding the arrival of the altcoin season.
Bitcoin: The Rising Giant
Bitcoin continues their rising career while Altcoins search for the moment. As reported by Cryptonotics, on the current day, BTC broke its own record of over $109,500. Consolidate as the fifth most valuable financial asset in the worldon Amazon. His next competitors of market capitalization are giants such as Apple, Nvidia, Microsoft and Gold.
Bitcoin's impulse is supported by a strong foundation, including limited scheduled emissions, central government and bank independence, and secure networks.
With increasing adoption among retailers, businesses and governments, Bitcoin's upward trend seems solid, but its volatility is declining, but remains a factor to consider.
Market of observation
Despite Altcoins' optimistic signal, despite Binance flowing, The market has not yet shown the necessary elements to declare the start of AltSeason.
The accumulation of altcoins such as ETH reflects sustained interest, but the advantages of Bitcoin and Lack of generalized performance of Altcoins against BTC They suggest that investors must pay attention.
Bitcoin continues to break records, but the focus remains when altcoin integrates its own gatherings in the coming months. For now, the market remains a space of opportunity and expectations, and each movement is important.
