A popular crypto analyst and trader thinks a wide altcoin season is unlikely in the current market environment.<\/p>\n
In a new YouTube video, the pseudonymous trader known as The Flow Horse tells<\/a> his 11,500 subscribers that \u201cthere\u2019s not enough money\u201d for altseason to happen right now.<\/p>\n \u201cSo what it means is there is definitely enough money to go into assets and pump the s*** out of them but at the detriment of other assets. So you can have two people in this market, and one of them has a complete idea of where we are in the market. You could have one person that\u2019s like, \u2018This market is ripping. It\u2019s amazing. Altseason.\u2019\u00a0<\/em><\/p>\n And then another person in the wrong assets and they\u2019re thinking it\u2019s the bear market already because they\u2019re in things that have completely retraced and just have no real capital behind them and there\u2019s no more interest in them.<\/em><\/p>\n So I think dispersion will continue, so the idea of altseason is just like these rotations that are happening and they\u2019ll get more concentrated. But a rising tide just isn\u2019t happening. It\u2019s just not happening. There\u2019s too much garbage and there\u2019s not enough money to go around to lift it.\u201d\u00a0<\/em><\/p>\n The analyst is also keeping an eye on the Bitcoin dominance (BTC<\/a>.D) chart, which currently sits at 58.53%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC.<\/p>\n Based on the trader\u2019s chart, the metric is up more than 4% in the past six months, indicating that BTC has been rising faster in value than altcoins.<\/p>\n![\"\"](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-14-112547.png\")