{"id":19305,"date":"2024-12-08T11:00:02","date_gmt":"2024-12-08T09:00:02","guid":{"rendered":"https:\/\/forklog.com\/en\/venture-capitalist-declares-end-of-altcoin-season\/"},"modified":"2024-12-08T11:00:02","modified_gmt":"2024-12-08T09:00:02","slug":"venture-capitalist-declares-end-of-altcoin-season","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/venture-capitalist-declares-end-of-altcoin-season\/","title":{"rendered":"Venture Capitalist Declares End of Altcoin Season"},"content":{"rendered":"<p>Felix Hartmann, managing partner of investment firm Hartmann Capital, is convinced that the altcoin season has &#8220;already run its course.&#8221; He warned traders of a sharp correction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Considering alt season tapped out for now. <\/p>\n<p>Most alts now have funding rates north of 100% annualized. Last moves purely perp driven, spot volumes declining. <\/p>\n<p>Leg down will be ugly. <\/p>\n<p>Doing some light 2x long BTC, 1x short tapped out dino coins <\/p>\n<p>Traders may stay irrational,\u2026 <a href=\"https:\/\/t.co\/s066BWjtsr\">https:\/\/t.co\/s066BWjtsr<\/a> <a href=\"https:\/\/t.co\/BEEzhpLnBe\">pic.twitter.com\/BEEzhpLnBe<\/a><\/p>\n<p>\u2014 Felix Hartmann (@FelixOHartmann) <a href=\"https:\/\/twitter.com\/FelixOHartmann\/status\/1865460903686164916?ref_src=twsrc%5Etfw\">December 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Most alts now have funding rates north of 100% annualized. Last moves purely driven by [perpetual futures market], but spot volumes are declining. The pullback will be terrible,&#8221; he wrote.<\/p>\n<\/blockquote>\n<p>According to him, traders may remain &#8220;irrational,&#8221; yet the market is at a stage where teams and venture capitalists &#8220;begin to more aggressively cut investment volumes.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Once the momentum runs out, we&#8217;ll have to give up leverage and see some killer wicks,&#8221; the expert warned.<\/p>\n<\/blockquote>\n<p>Hartmann is likely referring to the situation in 2021, when after a sharp rise in altcoins, some coins plummeted rapidly over several months.<\/p>\n<p>However, other members of the crypto community <a href=\"https:\/\/x.com\/SenseiBR_btc\/status\/1865410033569136882\">believe<\/a> that the altcoin season is just beginning. A trader under the pseudonym Mikybull predicted the cycle would last from December 2024 to March 2025 \u2014 about 90 days.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/ALTSEASON?src=hash&#038;ref_src=twsrc%5Etfw\">#ALTSEASON<\/a> lasts about 90 days <\/p>\n<p>From this month till March seems logical. <a href=\"https:\/\/t.co\/6X6KTgBzPD\">pic.twitter.com\/6X6KTgBzPD<\/a><\/p>\n<p>\u2014 Mikybull ?Crypto (@MikybullCrypto) <a href=\"https:\/\/twitter.com\/MikybullCrypto\/status\/1864743918903885858?ref_src=twsrc%5Etfw\">December 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One of the main indicators of the start of an altcoin season is the decline in Bitcoin dominance. At the time of writing, the figure stands at 55.14%, having decreased by 7.8% over the past month.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"453\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC.D_2024-12-08_10-53-35-1024x453.png\" alt=\"BTC.D_2024-12-08_10-53-35\" class=\"wp-image-247069\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTC.D_2024-12-08_10-53-35-1024x453.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC.D_2024-12-08_10-53-35-300x133.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC.D_2024-12-08_10-53-35-768x340.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTC.D_2024-12-08_10-53-35.png 1355w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">4-hour BTC.D chart. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTC.D\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, experts at Bitwise noted the stability of altcoins amid Bitcoin&#8217;s sharp volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Felix Hartmann, managing partner of investment firm Hartmann Capital, is convinced that the altcoin season has &#8220;already run its course.&#8221; He warned traders of a sharp correction. Considering alt season tapped out for now. Most alts now have funding rates north of 100% annualized. Last moves purely perp driven, spot volumes declining. Leg down will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1145,1138],"class_list":["post-19305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19305"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19304"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}