Bitcoin has reached new all-time highs, consistently breaking records throughout 2025. However, the performance of altcoins has not mirrored this success.
While a select few altcoins, such as Ethereum and BNB, have surpassed their previous records and achieved new all-time highs, the majority of altcoins have not yet experienced a significant rally.
Altcoin Season Unlikely, According to Bitget CEO
Despite ongoing expectations for the commencement of a major altcoin season, Bitget CEO Gracy Chen has made statements that may be discouraging to investors.
Chen stated that the anticipated altcoin season is unlikely to begin this year or even next year.
“Altcoin season won't even come in 2025 or 2026.”
The prominent CEO noted a significant decrease in investments in web3 projects recently. This trend, combined with sharp market corrections, has elevated the risk associated with investing in altcoins.
“Since last year, venture capital (VC) firms started to withdraw from investing in web3 projects, and this year this trend has become much more clear.
The sharp crash on October 11th also dealt a fatal blow to altcoins, and they suffered serious damage.
The situation worsened as the collapse and investments in web3 projects dried up.
For these reasons, the risk-reward ratio that individual investors must accept in altcoin trading has now reached very low levels.
Chen added that the market requires time to recover, concluding, “now is not the time to sell or buy.”
Bitcoin (BTC) Remains the Preferred Choice
The Bitget CEO commented on market peaks, stating they arise not from fear but from extreme greed.
“Some family offices are taking steps to allocate 5% to 20% of their assets to Bitcoin (BTC), and in the current climate, this is a reasonable assessment.
Since October 11th, the market is still in recovery. Weekly trading volumes on major exchanges have decreased by 20-40%, and some major market makers have been liquidated due to increased leverage. The current market is in a state of doubt. The idea of making a lot of money in the short term should be abandoned, as staying in the market is paramount.