These factors can lead to the next altcoin season, according to Bybit

The cryptocurrency market is witnessing the delay in the arrival of Altcoin in the current bull cycle. Crypto Exchange and Trading Trading Platform bybit has released a joint report with Market Research Company Block Schools, in detail the factors that may have led to the delay of the Altcoin season and those that are likely to lead to a boom in the coming months.

According to a reportThe potential stimuli of the upcoming Altseass include increased institutional participation in Altcoins, ETHEREUM surpassing Bitcoin, separating the continuous retail sale in Meme currencies, and increasing profits between bitcoin holders.

Altseason delay

During these market periods, Altcoins excels the main encryption assets, especially Bitcoin (BTC). There is always a circulation in the capital of BTC to smaller and more dangerous projects, which leads to large gatherings in the value of these encrypted currencies. Beit said that the market witnessed this trend in the past three bull race, especially in 2017 and 2021. At that time, the prices of cryptocurrencies other than BTC have reached new levels (ATHS).

“However, one must also realize that Altseass often precedes the end of the bull run, as obtaining profit from large symbols leads to the market correction,” he pointed out by.

Investors expect this season, but this course appears to be different. BTC continues to reach ATHS News and dominates the market, and it is a dynamic that contradicts the previous patterns in which the dominance of the origin decreases through Altseass.

In the past, Bitcoin dominated about 230 days after half; However, the last half did not raise the expected diving, indicating that the market behavior may have witnessed a structural change.

Bybit says there are many factors that contribute to the condition of the encryption market, one of which is the increase in the institutional adoption of Bitcoin via funds circulating in immediate exchange (ETFS). Another factor is the weak performance of Ethereum for Bitcoin and other major altcoins like Solana. Merchants are now doubting ETHER (ETH) ability to lead the market to Altseass.

Wayne Altseason?

Obtaining the exchange of encryption to more factors that can affect the next Altseason nature.

For beginners, BTC holders have to increase their profits. This can lead to the correction of the market that, in turn, leads to the rotation of the capital to altcoins. After that, Ethereum should suffer from great recovery, restore his feet, and restore his position as a pioneer.

In addition, investors need to communicate increasingly with Meme and Altcoins, the least prevailing to appear. Also, the institutional interest in Altcoins needs to increase. This is likely to happen soon because American organizational agencies are currently reviewing the requests of many investment funds circulating in Altcoin.