Why Bitget Thinks Altcoin Season Isn’t Coming
At Token2049 in Singapore, Vugar Usi Zade — Operating Chief of Bitget — delivered a clear message: altseason is out of favor this cycle.
“I don’t think there will be an altseason … there’s no logical reason behind it,” Zade said in an interview with Cointelegraph.
He emphasized that no major technological breakthroughs or compelling new projects have surfaced to justify a market-wide altcoin rally. According to him, the crypto market is shifting. Altcoins no longer reliably “ride up” with Bitcoin — in many cases, they stay flat or fall even as Bitcoin rallies.
Market Structure Is Changing
Zade claims the concept of “seasons” itself may be outdated. Instead of long phases where altcoins rise en masse, the market is fragmenting.
- Bitcoin has decoupled from altcoins — major gains in BTC don’t necessarily trickle out.
- Rallies are becoming narrative-specific — only tokens tied to winning themes (e.g. RWA, AI, on‑chain data) may see gains.
- Short-termism dominates — investors expect instant results, making it hard for projects to survive long development cycles.
Zade argues this is unfair: building a sustainable tech business often takes years (e.g. Amazon) — yet the crypto world expects profitability in months.
Why Bitcoin Stands Alone
Given the skepticism on alts, many investors and pundits are reverting to pure Bitcoin allocations. Zade notes that newer entrants are being told to hold BTC, not diversify into ETH or other altcoins.
He sees Ethereum as “stable” but less exciting in the current rally, explaining why ETH is losing momentum as traders chase more volatile upside.
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