Mentions of “altseason” have dropped to extremely low levels across crypto social media, and analysts say that could actually be a positive sign for the market.
According to blockchain analytics firm Santiment, discussions about altcoins outperforming Bitcoin are currently close to rock-bottom levels online. The firm says this kind of sentiment has historically appeared before major rallies in alternative cryptocurrencies.
In the crypto world, “altseason” refers to a period when altcoins rise faster than Bitcoin. During these times, traders often shift their focus from Bitcoin to smaller digital assets, hoping for bigger gains.
Santiment says high levels of discussion about altcoins usually happen near market peaks. This is often driven by speculation and fear of missing out, especially around popular tokens like Dogecoin and other meme coins.
On the other hand, when conversations about altseason disappear, it can signal that larger investors may be quietly building positions. According to Santiment, rallies sometimes begin during these quieter periods.
The sentiment shift comes as the wider crypto market faces some pressure. At the time of writing, Bitcoin was trading around $70,300 after failing to break above the $74,000 resistance level.
Traders say the failed breakout shows weakening bullish momentum. Some analysts warn that if selling pressure continues, Bitcoin could fall toward the $60,000 support level.
Even so, Santiment says the lack of excitement around altcoins could set the stage for renewed interest later. Historically, big changes in crowd sentiment have often marked turning points in crypto market cycles.
