Will February Kickstart an Altcoin Surge or Prolong the Wait?

A massive $2 billion liquidation event rocked the crypto market, marking one of the largest shakeouts in its history.

While some see this as a reset before the next rally, others warn that recovery could take months, echoing patterns from previous downturns.

Blockchain analyst Mathew Hyland believes the wipeout may have set a market bottom, but a quick rebound is unlikely. He points to past crashes in 2020 and 2022, where recoveries stretched over months rather than weeks. Similarly, CryptoCon described the event as a purge of overleveraged positions, suggesting the broader trend remains intact but without an immediate turnaround.

Optimists, including analysts like Merlijn The Trader, argue that February has historically been a launchpad for altcoin rallies. They believe current conditions align with previous cycles, making a strong case for another breakout. Others, like Coinvo, highlight Bitcoin’s dominance, suggesting its peak could pave the way for altcoins to surge.

However, not everyone is convinced. DevKhabib sees Bitcoin’s $91,000 level as a critical support zone, emphasizing that the broader market may need more time to stabilize before making any major moves. Whether February delivers an altcoin boom or remains a period of consolidation, the next few weeks will be decisive.