Analyst Michaël van de Poppe stated that the altcoin cycle has entered a depression phase due to low investor confidence and macroeconomic factors.
Depression in Altcoin Cycle
According to the analyst, the altcoin cycle reached a new low in July 2025, signifying declining investor sentiment in the cryptocurrency market. Van de Poppe referenced the well-known Wall St. Cheat Sheet chart to illustrate the changes in investor emotions amidst market fluctuations.
Bitcoin's Impact on the Market
Van de Poppe identified Bitcoin as the main driver of the altcoin cycle. He noted that current Bitcoin conditions, influenced by macroeconomic signals, have also dragged altcoins into the depression phase. Major issues, such as inflation and central bank decisions, have made Bitcoin more vulnerable to market forces.
Community Perspectives and Possible Recovery
The analyst's post generated various reactions on the platform X. Some investors believe that this phase actually provides opportunities for long-term investments. Despite the difficult situation, historically similar phases in the past have preceded recoveries and market growth.
Van de Poppe's analysis provides valuable insight into the current conditions of the cryptocurrency market. While the future direction remains uncertain, considering past cycles and macroeconomic factors may help in predicting potential altcoin recovery.
