Why There Won’t Be an Altseason Like 2021

Benjamin Cohen, founder of Into The Cryptoverse, says don’t hold your breath for a repeat of the 2020–2021 crypto boom. Here’s the gist: the Advance/Decline Index for the top 100 cryptocurrencies has been in a steady downtrend since late 2021.

Back in 2020–2021, $BTC ’s growth was supported by:

a rising tide of altcoins,

massive liquidity inflows from retail and institutional investors.

Fast forward to today:

$BTC ’s growth is largely driven by defensive demand and institutional buying,

while altcoins are losing investor interest and liquidity,

and the constant launch of new coins just spreads the volume thinner.

“Bitcoin’s bull market masked altcoin weakness for years. Now that growth has stalled, that weakness is too obvious to ignore,” - Cohen.