Traders hoping for a broad-based cryptocurrency rally may need to lower their expectations dramatically. Vugar Usi Zade, chief operating officer at Bitget, one of the world’s largest crypto exchanges, delivered a blunt assessment at Singapore’s Token2049 conference: traditional altcoin season is not coming this cycle.
“I don’t think we will see that huge pump, unfortunately, because there’s no logical reason behind it,” said Usi Zade. “There haven’t been any technological advancements. We haven’t seen any big things coming out of projects. Why would the price go up? Just because now it is the time? It’s not.”
Bitcoin To Stand Alone
The crypto market is “moving very much away from seasons” toward shorter, narrative-driven cycles, Usi Zade explained. Bitcoin now rallies independently, with “almost zero” impact on alternative cryptocurrencies. Money no longer flows predictably from Bitcoin into altcoins as it once did.
Future rallies will most likely focus on specific trending sectors like real-world assets rather than lifting all tokens simultaneously. Usi Zade criticized the perception regarding short-term investments in the crypto industry, noting investors expect eight-month profitability while Amazon required over a decade.
Even the classic 70% Bitcoin, 30% Ethereum portfolio recommendation has shifted. “Everyone will tell you just Bitcoin,” he said, adding that Ethereum’s stability offers insufficient motivation compared to Bitcoin’s continued record-breaking performance.
