CryptoQuant analysts predict altcoins will grow on the crypto market

Analysts at the CryptoQuant platform believe that as the current Bitcoin cycle approaches its end, we can expect a decline in its market share and the beginning of altcoins’ growth.

According to their observations, the market has not yet entered a bearish phase, despite a series of corrections and unstable dynamics in recent months. In previous cycles, there was a tendency for a gradual decrease in the volume of BTC in investors' wallets to contribute to the growth of the price of the first cryptocurrency. However, in the current cycle, Bitcoin has faced regular rollbacks even after a slight increase in quotes, and this has created conditions of high volatility and unstable behavior for altcoins, which indicates their relative weakness.

Experts noted that despite the current instability, altcoins traditionally showed significant growth at the end of each previous cycle, when new capital began to flow into the market. It was during this period that they demonstrated the greatest activity and growth potential. A similar picture may be repeated now - as the end of the cycle approaches, Bitcoin's share of the market will likely begin to decline, which will open up opportunities for other digital assets to strengthen.

In addition, analysts have noted that most altcoin holders are currently in the loss zone or have recorded minimal profits, which indicates a depletion of liquidity and a decrease in interest from major players. This makes the altcoin market particularly sensitive to any changes in sentiment, and with an influx of capital, it can become a hot spot for new investments. Thus, CryptoQuant experts expect that the final stage of the current cycle can become a turning point for both Bitcoin and the entire altcoin segment.

Earlier, a popular crypto analyst with the pseudonym Bluntz said that the market could begin a so-called altcoin season , when alternative cryptocurrencies begin to grow faster than Bitcoin.