Альткоины в ожидании роста: когда биткоин достигнет ATH, начнется настоящий сезон Translation: Altcoins Awaiting Growth: A True Season Will Begin When Bitcoin Reaches ATH

The true season for altcoins will only commence once the leading cryptocurrency approaches its all-time high (ATH). This conclusion has been drawn by analysts from the market maker Wintermute.

They noted that the market has rebounded following the downturn in October, and investor sentiment has improved. Traders have started to take selective risks.

However, the influx of capital into digital currencies has not yet resumed, leaving this sector trailing behind other asset classes.

The segments that experienced growth over the past week include:

Meanwhile, the L1 blockchain sector saw a decline of 1%. Such disparities indicate that investors are cautiously incorporating riskier assets into their portfolios, as explained by Wintermute.

Historically, altcoins tend to perform well when Bitcoin’s price is near its peak levels, creating a capital «overflow» effect into riskier coins.

As of this writing, the leading cryptocurrency is trading approximately 16% below its ATH, according to CoinGecko. Wintermute’s data shows that in these conditions, Bitcoin outperforms alternative coins 54% of the time. This explains why the recent surge of tokens such as FIL, ICP, and FET was short-lived and quickly came to an end.

Analysts believe that for a sustained rally in altcoins, digital gold and Ethereum need to take the lead. The current situation is not one of stagnation but rather a transitional phase. The next key factor for volatility will be news from the United States related to regulation and policy, Wintermute concluded.

It’s worth noting that a November study by Sygnum indicated that institutional investors are confident in the growth of cryptocurrencies by the end of the year.