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- Gate July 2025 Transparency Report:
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Lastly, I want to say my opinion on whether there is still an alt season.
Many people say that there is no alt season anymore. What I want to say is that if there is no alt season, it means that 90% of the altcoins in this market are forming a horizontal line at the monthly level, and then during the long bear market, they will drop by 90% or even get delisted or go to zero. This means that 90% of the altcoins have not increased, while only 10% of the altcoins have increased by ten times. By this calculation, 90% of the altcoins would be abandoned by the crypto community, and no one would touch altcoins anymore. I feel this is clearly illogical.
I personally believe that a bull market without an alt season is not a bull market. Even considering that the crypto boom period has passed, it is reasonable for excellent altcoins to rise 5 times and for trash altcoins to rise 2 times. If this round of altcoins ends so abruptly, then the next bull market will greatly reduce the attractiveness of the crypto market to retail investors. Even if retail investors enter the market, they won't buy altcoins anymore. What will all those market makers eat in the market???
Unless they are ready for this round of bull market to be the last bull market, and the idea of harvesting the last round of retail investors, of course, this is my worst-case scenario. If it really is like this, I will also accept the outcome.