Will February Mark the Start of 2025 Altcoin Season?
On Monday, the cryptocurrency market experienced the largest liquidation activity in history, destroying more than $2 billion in positions. In the “Altcoin Season” requirement that spoken language, analysts have to wait until April, whether February is a month or whether the cryptocurrency market has to wait until April.
These arguments and forecasts refer to past market crashes, such as those in 2020 and 2022, and the industry’s reaction.
Analysts weigh on cryptocurrency market recovery schedule
Beincrypto reported on Monday Historic $2 billion liquidation The event was launched by US President Donald Trump tariff. It happened that the president reached an agreement with Canada and Mexico that prompted the market to recover to a certain extent.
But even as others call for alternative seasons, analysts still don’t believe in the recovery here.
Blockchain analyst Mathew Hyland shared his insights into the market downturn, emphasizing that recovery takes time. He stressed that although Bitcoin (BTC) has not broken down, Altcoins suffered a significant hardship, leading to historic liquidation incidents. He said this shows how much damage the altcoin market has suffered.
According to Hyland, although the massive liquidation incident indicated a bottoming out of the market, the bounce was not yet mature.
“That could mean lows considering that this is the largest liquidation event in crypto history. However, in 2020 and 2022, it was fully recovered for two months,” Hyland explain.
this Controversial Analyst It also points out that most altcoins’ December highs may not return at least two months (even if not longer). Based on this perception, Hyland warned traders to lower their expectations, adding V-shaped recovery rate Just like in 2020, it took weeks along the way.
Another technical analyst, Cryptocon, responded to Hyland’s views. He described the incident as a major swing of overdriving traders. While analysts acknowledged that the cycle was already in effect, he did not suggest a return to the near future.
“What to do if August is doing well? Still inbound, the cycle is still on track. Obviously, some entities don’t want people to crave 100 times the bottom of the entire bull market,” analysts said statement.
Cryptocon’s prospects are consistent with several other analysts, including Rover, who believe the trajectory remains intact. In posts on X, Cryptorover Highlight The altcoin will soon be “parabolic parasitic”.
The debate over the Altcoin season in February
Meanwhile, like Cryptocon, February sentiment remains positive among other analysts, including trader Merlijn. In related articles, analysts predict that February will be Copyright Oceanexist Therefore, it is market recycling. Analysts cite historical data that shows that the Altcoin rally has been starting in February and that the cycle should be no different.
“Altcoin season starts in February! History won’t lie, and there are no charts.” explain Merlijin in the post.
Others point to Bitcoin’s dominance as a key indicator. Notice This metric is almost the highest and sets the stage for the Altcoin season. Similarly, analyst Coinvo reiterated emotions.
“The Altcoin season has been starting in February and this cycle will not be any different.” CHe was himed Coinvo.
Another crypto analyst, Devkhabib, provided a comparison view and emphasized that February is a good month for Bitcoin. Analysts identified the $91,000 level as the key support for Bitcoin prices. He stressed that the price rebounded strongly and expressed optimism about the future of the market.
“$91,000 seems to be a strong support from BTC because we bounced it straight away. Let’s hope we continue to range over $94,000 so the market can recover a little. February is usually green and I think we’ll still get a bullish February . A bad start makes the ending good,” analysts Express.
Additionally, the $95,620 to $98,505 range represents a significant support for Bitcoin prices, according to data from Intotheblock
Any efforts of the Bears to push the price higher below will be met by buying BTC purchase pressure from about 1.74 million addresses for $97,195.
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