Analytics firm Alphractal has released a new report analyzing current altcoin accumulation and trends among investors.
Altcoin Accumulation and Market Trends
According to Alphractal, altcoins remain in the accumulation phase. A potential 'Altcoin Season' could emerge if Bitcoin faces difficulties. Since October 2024, the market trend has been downward, with sentiment becoming increasingly pessimistic since December. Despite this, Alphractal predicts a market revival between April and May.
Challenges and Opportunities for Bitcoin
BTC recently surpassed $85,000, but Alphractal's analysis shows that whales are increasingly taking short positions. While retail traders remain optimistic, major market players are positioning for potential corrections. In the altcoin market, whales have largely been closing long positions, except for some assets like Verge (XVG) and MyNeighborAlice (ALICE), where sentiment remains bullish.
Expectations for GameFi and DeFi in 2025
Alphractal also highlighted the potential for new crypto launches in 2025, particularly in the GameFi and DeFi sectors, which could gain traction by mid-year.
Alphractal's analysis emphasizes the current phase of altcoin accumulation and predicts a potential market recovery, along with new opportunities in GameFi and DeFi sectors.
