Bitcoin Price Remains Attractive for Whales Amidst Speculation of Altcoin Season Not Arriving
Bitcoin prices between $77,500 and $88,350 continue to attract whales for accumulation, but many are speculating that the anticipated altcoin season may not come after all…
(Previous Background: Standard Chartered: If Bitcoin Replaces Tesla in the S&P 7 Index, Average Returns Would Be Higher with Lower Volatility)
(Background Information: Bitcoin Breaks $88,000》Trump Forecasts Tariff Reductions, Possibly Excluding Automobiles and Semiconductors.. U.S. Stocks Rally with Tesla Surging 12%)
Crypto analytics firm Santiment recently noted that during the strong rebound of Bitcoin prices from $77,500 to $88,350, the number of addresses holding between 100 to 10,000 Bitcoin increased from 16,600 to 17,889. This suggests that as whales accumulate again, the Bitcoin market may be starting to warm up.
Asset Management Giants Optimistic About Bitcoin Investment Timing
Dominic Rizzo, a technology investment manager at T. Rowe Price, a global asset management firm with over a trillion dollars in assets, pointed out:
“Bitcoin’s price is close to its mining cost, which is a golden opportunity for contrarian positioning. The current mining cost of Bitcoin is around $84,770, while the spot price is nearing $87,000. Typically, this situation indicates that the market is close to a bottom and that bearish sentiment has been fully priced in.”
Rizzo suggested that investors should view Bitcoin from a commodities perspective, as this can better grasp the risk and return when entering the market. He emphasized:
“Blockchain and digital payments are crucial components of future fintech and artificial intelligence, and institutionalization and regulation will be core development trends in the future crypto market.”
Is the Altcoin Season Already Over?
On the other hand, has Bitcoin’s rebound spurred altcoins to take off? Currently, there doesn’t seem to be a significant trend observed.
According to Cointelegraph, in previous bull markets, altcoins consistently outperformed Bitcoin. However, according to the blockchain center’s quantitative indicator Altseason, a traditional “altcoin season” only occurs if 75% of the TOP 50 altcoins outperform Bitcoin within a 90-day period.
But in this bull market, the performance of altcoins has become inconsistent, as the Altseason index showed increases in both March 2024 and January 2025, but neither lasted long enough to constitute a traditionally recognized altcoin season.
Thus, perhaps what we need to recognize now is that it may not be a matter of the altcoin season not arriving; rather, it may have already passed, and we are just now becoming aware…
Is the Inability of Altcoin Season to Arrive Due to Meme Coins?
Renowned analyst Miles Deutscher mentioned that the rise of platforms like Pump.fun for meme coin launches has shifted the flow of capital. A large influx of capital into low-market-cap meme coins has led to extreme volatility after surges, with some meme coins experiencing declines of up to 70% to 80%. Additionally, politically themed meme coins have exacerbated market volatility, with $TRUMP and $MELANIA-related tokens plummeting 83% and 95%, respectively, after their listings.
