Altcoin season on the brink? Experts flag Cardano’s $100M BTC treasury shift
The post Altcoin season on the brink? Experts flag Cardano’s $100M BTC treasury shift appeared on BitcoinEthereumNews.com.
Market experts believe there will be more challenges for the altcoin sector if Cardano and other protocols opt for a BTC treasury HYPE, TAO, and PEPE outperformed Bitcoin in the last 90 days Traders waiting for a broader and stronger altcoin season rally could be in for a massive disappointment. According to Bitwise’s Head of Alpha Strategies, Jeff Park, and Blockstream founder, Adam Back, the sector could be affected by protocols jumping on the Bitcoin [BTC] treasury craze. In an X post, Park stated, “Subpar altcoins ditching their own assets to build a BTC treasury was not on my 2025 bingo card. World is healing.” In stating so, he was reacting to Cardano founder Charles Hoskinson’s proposal to swap $100M ADA to Bitcoin as part of treasury diversification. Altcoins vs Bitcoin For Blockstream’s Adam Back, Cardano’s move would strengthen BTC and drive the altcoin market crash. “Not only ALT-SZN cancelled, ALT-capitulation is here, the insider self-dumping to buy #bitcoin to have a slush fund for themselves.” On average, the larger altcoin market has dropped by 50% against BTC since last November’s brief altcoin season. For example – The attached chart, tracking crypto total market excluding top 10 assets (others) against BTC or alts/BTC ratio, has been in decline since 2021. Source: Alts/BTC ratio, TradingView Despite the remarkable rally in late 2023 and late 2024, the sector found it challenging to outperform Bitcoin. After the relief altcoin pump late 2024, Bitcoin’s dominance only climbed higher – A sign that most investors preferred BTC over altcoins. Source: Bitcoin dominance Notably, BTC’s dominance dropped to 55%, but later surged to 65%. Put differently, more than half of the market was focused on Bitcoin, than the rest of the crypto market. Worth pointing out, however, that some select altcoins did see remarkable performances, despite…
Filed under: News - @ June 17, 2025 12:23 am