{"id":15732,"date":"2025-11-11T16:21:30","date_gmt":"2025-11-11T16:21:30","guid":{"rendered":"https:\/\/bitunikey.com\/news\/altcoin-season-unlikely-before-bitcoins-new-ath-wintermute\/"},"modified":"2025-11-11T16:21:40","modified_gmt":"2025-11-11T16:21:40","slug":"altcoin-season-unlikely-before-bitcoins-new-ath-wintermute","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/altcoin-season-unlikely-before-bitcoins-new-ath-wintermute\/","title":{"rendered":"Altcoin season unlikely before Bitcoin\u2019s new ATH: Wintermute"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Markets are entering a stabilization phase, with altcoins ready for upward momentum once Bitcoin picks up steam, says Wintermute analyst Jasper De Maere.<\/p>\n<div id=\"cn-block-summary-block_d9edb31cafbb966516e30866a7e51940\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>For altcoins to recover, Bitcoin likely needs to reach a new ATH<\/li>\n<li>Bitcoin has traded steadily in the $105k to $107K range, about 16% below its record levels<\/li>\n<li>Altcoins were up, but gains were uneven, showing a sign of low conviction<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The crypto market has entered a stabilization phase. However, sentiment remains cautious, and not bullish, said De Maere, Wintermute\u2019s OTC desk strategist. This means that a broader altcoin rally remains unlikely unless Bitcoin surges first.<\/p>\n<p>Bitcoin (BTC) is showing signs of resilience, trading near the $105,000 to $107,000 range, despite ongoing ETF outflows. At that level, Bitcoin is 16% below its all-time high, suggesting that this consolidation may lead to a new rally. <\/p>\n<p>\u201cThis looks less like stagnation and more like a turning phase,\u201d De Maere wrote in his weekly <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/wintermute_t\/status\/1988178068373205504\" target=\"_blank\" rel=\"nofollow\">report<\/a>, published on November 10. \u201cStructure\u2019s cleaner, macro\u2019s supportive, and the market feels ready to build again.\u201d <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Altcoins likely to wait for Bitcoin rally<\/h2>\n<p>Despite a positive change in the macro environment, crypto underperformed other major asset classes. Just four weeks ago, Bitcoin was the top-performing asset, up 10.2%, followed by Ethereum (ETH) and altcoins. Last week, the three asset classes were the worst performers. <\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Weekly performance of crypto and traditional assets | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/wintermute_t\/status\/1988178068373205504\" target=\"_blank\" rel=\"nofollow\">Wintermute<\/a><\/figcaption><\/figure>\n<p>What is more, altcoin performance was uneven. On the week ending on November 2, large-cap tokens were up just 0.7%, while mid-cap tokens saw the best performance, up 14.8%. <\/p>\n<p>By sector, DePIN saw the biggest gains, while layer 1 networks saw the worst. Gaming and memecoins also lagged behind other segments of the crypto industry.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"649\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/11\/1762878090_955_Altcoin-season-unlikely-before-Bitcoins-new-ATH-Wintermute.webp.webp\" alt=\"Weekly performance of several crypto asset classes, by size, sector, and geography\" class=\"wp-image-14433671\"><figcaption class=\"wp-element-caption\">Weekly performance of several crypto asset classes, by size, sector, and geography | Source: Wintermute<\/figcaption><\/figure>\n<p>According to Wintermute\u2019s Jasper De Maere, a new altcoin rally is unlikely unless Bitcoin rises to new all-time highs.  <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Markets are entering a stabilization phase, with altcoins ready for upward momentum once Bitcoin picks up steam, says Wintermute analyst Jasper De Maere. Summary For altcoins to recover, Bitcoin likely&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15732"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15732\/revisions"}],"predecessor-version":[{"id":15734,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15732\/revisions\/15734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15733"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}