Cointelegraph reported on August 26 that a Bitfinex analyst warned against expecting a broad altcoin season until investors can access higher‑risk crypto through regulated products like an ETF, even as Bitcoin dominance declined over the past 30 days.
The analyst describes the current market as exhibiting a low risk appetite: net inflows remain positive but subdued, reflecting cautious allocation behavior rather than the aggressive demand observed before prior all‑time highs, which constrains near‑term upside for many altcoins.
Conversely, David Duong, Global Research Director at Coinbase Institutional, has indicated that conditions could tilt toward an altcoin season in September; market participants note that renewed capital into Bitcoin products and launch of tailored altcoin investment tools would be prerequisites for a durable rotation.