What ho, crypto chappies! Ready to don your dancing shoes for altcoin season? Fear not, for analysts are here to pour a bucket of cold reality over your enthusiastic bonce. Hold your horses, and perhaps your breath, too-though not for too long, old bean, wouldn’t want you turning blue. 🥶
- Bitcoin and its merry band of altcoins are making a dash for it, hinting at a spot of recovery. 🏇
- Yet, the market sentiment remains as feeble as a wet paper umbrella in a hurricane-altcoin season? Not a chance, my dear fellow. ☔
As the intrepid investors scan the horizon for a whiff of a risk-on phase in the crypto jungle, the market structure remains as cautious as a cat in a room full of rocking chairs. However, according to several eggheads, the worst of the storm has blown over, though the markets are still as ready for a full rebound as a sloth is for a marathon. 🦥
Gabe Selby, the Head of Research at CF Benchmarks, pointed out that nearly $4 billion has taken a hike from ETFs since October 10. This exodus has November shaping up to be the most dismal month in institutional outflows to date. Blimey! 💼💨
“We’re witnessing Bitcoin’s inaugural institutional stress test, what? November 2025 is on track to be the most ghastly month ever for ETF flows… But we reckon it’s more profit-taking than a full-blown panic sell, old sport,” Gabe Selby, Head of Research at CF Benchmarks. 🧐
Sentiment as Low as a Snake’s Belly: Analysts Weigh In
Ignacio Aguirre, the CMO at Bitget, noted the recent rebound in Bitcoin (BTC) and its altcoin chums. This jolly price action, he opined, might suggest the market is forming a near-term bottom rather than plunging into a deeper bear pit. 🐻⬆️
“The weekend’s rebound in Bitcoin and the top altcoins could be an early sign of a broader market recovery, rather than a fleeting bounce,” Aguirre remarked. “The recent easing in retail capitulation hints that the market might be finding its footing, what?” he added. 📈
Despite this silver lining, an altcoin season remains as likely as a snowball’s chance in Hades. According to the boffins at B2BINPAY, the market is still gripped by fear and lacks the capital rotation historically associated with altcoin outperformance. 😱💰
“Sentiment is as weak as a cup of tea without biscuits,” B2BINPAY analysts quipped. “After the November sell-off, the Fear & Greed Index plummeted below 20 and now lingers near 15. That’s fear so deep, it’s practically subterranean.” 🕳️
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2025-11-26 23:46