Every crypto cycle in the past has had months where alternative coins (altcoins) take over with wild spikes. This period, typically called altseason, has taken different shapes in the past, but one thing has been constant: many altcoins see big moves.
This cycle, however, seems different. There has been anticipation about strong bullish spikes; however, many traders have been left with disappointments. Many altcoins, including the big ones like Cardano, Ripple, and Solana, have not impressed much. What could be the cause?
A top crypto analyst known as Ash Crypto seems to have some answers. He said the main issue has been how money is flowing. Since the bottom in November 2022, Bitcoin has surged from $15,400 to around $126,000 an incredible 8.5x rise. U.S. stocks keep setting new records. Gold has added about $15 trillion to its market cap.
Ethereum is still struggling to reach its 2021 high of $4,800. Most altcoins have mostly moved sideways or dropped lower this year.
Ash Crypto explained that this is a natural phase in every bull cycle. Right now, investors are sticking to what feels safe: gold, Bitcoin, and top tech stocks like Meta, Tesla, and NVIDIA. Smaller and riskier assets, including alternative coins, haven’t yet caught that wave of confidence.
Why no Altseason in 2025 yet ?
— Ash Crypto (@Ashcryptoreal) October 24, 2025
Bitcoin has pumped 8.5x to $126,000 from the bottom of $15,400 in November 2022.
US stocks are at an all-time high.
Gold added $15 trillion to its market cap.
With massive liquidity, all these big assets are absolutely exploding. While ETH is…
Why Altcoins Are Still Lagging
The slow movement of altcoins is not by chance. Markets depend on confidence and liquidity, which are still tied up in safer assets. Global uncertainty, trade issues, and policy changes have made investors more careful.
Ash Crypto compared this moment to what happened in past cycles: big assets rally first, then the profits spill into riskier bets. Money usually flows from USD to BTC, then to ETH, high-cap alts, and finally low-cap alts.
This means alternative coins are still waiting for their turn. Until Ethereum breaks above $5,000 and holds it, confidence in alternative coins may remain limited. Once that happens, liquidity could start moving toward the broader market; and that’s where real momentum begins.
What Could Finally Spark Altseason
There’s growing optimism that the setup is forming for something big. The U.S. plans to make 3 rate cuts in 2025 and end quantitative tightening.
These moves could bring more money into the market and make investors ready to take risks again.
Ash Crypto believes this shift will trigger a powerful chain reaction: Bitcoin pushing into new highs, Ethereum following closely, and then altcoins like XRP and ADA finally joining the run. He also mentioned that more than 155 altcoin ETF filings are awaiting approval, possibly as soon as November, which could further boost market confidence.
It’s easy to get impatient when prices stay flat, especially after seeing Bitcoin and gold perform so well. Yet every major bull run has its rhythm. If Ash Crypto’s pattern holds true, the quiet phase for altcoins may be setting the stage for their strongest moves yet.
XRP and ADA might not be pumping now, but the structure of the market suggests their time could still come. Once liquidity spreads from safe assets to higher-risk plays, the broader altseason many have been waiting for might finally begin.