Cryptocurrency analyst Michaël van de Poppe believes the traditional concept of "altcoin season" may no longer apply the way investors expect.
In a recent market commentary, he suggested that many traders misinterpret the timing of altcoin rallies — often entering too late and missing the best opportunities.
According to Van de Poppe, the current market cycle is fundamentally different from previous years. He emphasized that true gains in altcoins come when investor sentiment is at its lowest, not when prices are already climbing. He pointed out that despite a wave of enthusiasm for memecoins in 2024, most altcoins underperformed, and the weakness continued into early 2025.
Van de Poppe also highlighted a split in investor outlook. While some still see the market as bearish, others believe a new bull phase is emerging. This uncertainty, he says, is causing confusion and poor positioning among traders.
Looking ahead, he noted several factors that could reshape the landscape — from monetary policy shifts to evolving DeFi ecosystems. Although altcoins continue to lag behind Bitcoin, Van de Poppe believes that this stage of fear and fatigue could ultimately mark the ideal entry point for long-term gains.
“The greatest upside,” he concluded, “often begins when confidence is at its lowest.”
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