BroadChain has learned that according to a March 15 report from Cointelegraph, Andrei Grachev, Managing Partner of market maker DWF Labs, argues that the era of broad-based "Alt Seasons" driven by market-wide rallies is fading.
The market structure is being reshaped by a surge in token supply, a limited pool of participants, and the liquidity absorption by crypto ETFs.
Currently, institutional capital is increasingly flowing into BTC, ETH, and tokenized real-world assets (RWA), drawing attention and funds away from altcoins.
Future markets will see shorter narrative cycles and more intense sector rotations. A significant number of mid- and long-tail tokens will increasingly resemble high-risk venture bets or "casino-style" assets, struggling to maintain viability on hype alone.
Data indicates that over the past 13 months, the altcoin market has seen cumulative outflows exceeding $209 billion, with roughly 38% of altcoins currently trading near their all-time lows.