Rumors are circulating about whether or not they are hoping for an imminent altcoin season. Ethereum performs very well. China recently announced an economic stimulus package, with the US Federal Reserve projected to cut interest rates in September.
However, according to experts at Crypto Exchange Deribit, acquired by Coinbase, the Altcoin season is pending. The current panorama suggests cautious optimism rather than extreme happiness. Although Ethereum is on the rise, it has not reached the required threshold to confirm such events, and the mid- and small altcoins still do not have enough trading volume.
Are macroeconomic factors finally adjusted?
For many cryptocurrency traders, the appeal of the Altcoin season is the equivalent of the gold rush. This period represents a market change from established Titans such as Bitcoin and Ethereum to a wider constellations of smaller, more speculative assets. Such events lead to an explosive trend of profit.
Current macroeconomic factors and specific on-chain metrics suggest the arrival of a long-term AltCoin season.
The Altcoin season begins in September 2025
The golden accumulation ends next week, with Low Cups 100-150 times higher.
Those who are currently purchasing ALT will become billionaires by the end of this cycle.
This is what I buy before the biggest bull run in historypic.twitter.com/ohisjrwhm6
– chiefy (@0xchiefy) August 22, 2025
pic.twitter.com/ohisjrwhm6In a speech at the Jackson Hole Economic Symposium today, US Federal Reserve Chair Jerome Powell showed a more stubborn attitude towards the possibility of lowering interest rates. He suggested that a “changeable balance of risk” could align the Fed’s policy stance and ensure that it would suggest a potential expansion policy for September.
Earlier this week, reports were revealed that China announced a new stimulus package to strengthen its struggling economy. Although details still emerged, the move was widely seen as an important step towards policy easing by one of the world’s largest economies.
Deribit’s chief commercial officer, Jean-David PĂ©quignot, has recognized the confluence of favourable macroeconomic policies as a key trigger for a potential Altcoin season.
“Leasing central bank policies can reduce yields on safer assets, inject liquidity into the financial system, and lower expectations of long-term returns. As a luxury risk asset, crypto tends to amplify what’s happening with stocks.
The resulting price surges for Ethereum strengthened these expectations.
Ethereum’s rally raises hope
With a strong display of new risk appetite among investors, Ethereum prices recovered following Powell’s announcement. This price action and the recent surge in flows into spot Ethereum ETFs represent significant developments.
According to PĂ©quignot’s analysis, Ethereum’s outperformance against Bitcoin is a key signal for the broader market.
“The ETH/BTC ratio usually serves as a key indicator when BTC starts to slow performance and shows investors increase their desire for more risky crypto assets,” he said.
Despite these promising signs, they are still not enough to confirm the arrival of the full-fledged altcoin season.
Bitcoin is still dominant
While wide market gatherings define a true Altcoin season, some key metrics indicate that this hasn’t happened yet. For example, the CoinMarketCap Altcoin Season Index measures whether 75% of the top 100 Altcoins outperform Bitcoin over 90 days.
At press, the index was 44 out of 100.
“The CMC Altcoin Season Index is also recovering, but well below the 75 key level. Many mid- and small ALTs are still behind or trading, and there is no extensive outperformance for AltCoin,” said PĂ©quignot.
Meanwhile, Bitcoin is still strangled to the crypto market.
“Bitcoin domination remains high at the 58% horizon for five years, with BTC predominating as the main catalyst for institutional allocation, particularly the case,” Pequinaud added.
These indicators suggest that capital is still primarily concentrated on Bitcoin and is often considered the safest digital asset. For the Altcoin season to truly arrive, these metrics need to be changed.
What factors do you need to jump the Altcoin season?
While recent news has brought great momentum, PĂ©quignot is waiting for the combination of all the factors to be perfectly aligned. He explained that the true Altcoin season is marked by a series of events that confirm widespread investor behavioral changes.
“The breakout in the ETH/BTC ratio maintained a decline in BTC. It shows a critical decline in BTC domination, a more obvious capital turnover. The Altcoin Season Index pushes to 75, confirming a widening of large Altcoin width, resulting from chain activity, and large retail inflows, and larger Altcoin Quarting Bolumes.
This extensive capital turnover is combined with the macro tail from the world’s strongest economy, and may be sufficient to reroute liquidity to ALTC. But even with these positive developments, the pass is not without risk.
Final Triggers and Potential Pitfalls
Several factors can derail a potential gathering. For example, changes to central bank policies could reverse current trends.
“A high sudden inflation print could force central banks to suspend or reverse easing earlier than expected. This would hurt risky assets and revive capital rotation,” Peckignot told Beincrypto.
He also warned that Crypto Market dynamics, particularly high use of leverage, could lead to sudden corrections.
“As Altcoin gatherings are fouled by retail greed and massive leverage, the narrative of overcrowded or disappointing investments can lead to the acquisition of profits or limit losses, leading to liquidation that shortens the Altcoin season,” added PĂ©quignot.
In addition to the fire, the continued imposition and reversal of US trade tariffs continues to promote sustained uncertainty among investors. Such an environment can quickly moisten the appetite of Altcoin.
The waiting game
The Altcoin season will require more patience this year. It hasn’t arrived yet, but the conditions have been built.
The strong combination of macroeconomic tailwinds and Ethereum’s recent surges provide the most powerful signal to date, and the market is beginning to change. However, all the metrics needed to confirm such events have not yet been met.
The waiting game continues, but for the first time in a long time, it appears that the next great Crypto Gold Rush work is appearing.
When can you look forward to the posting altcoin season? DeLibit Analyst Shared Important insights first appeared in Beincrypto.
