Glassnode founders: Market capitulation sets stage for imminent altcoin season

Market sentiment has entered a capitulation phase, but an altcoin season is poised to begin soon, according to an analysis by Negentropic, the X account of Glassnode co-founders Jan Happel and Yann Allemann. While many believe the altcoin season is over, the analysis points to five factors suggesting otherwise: the impending end of quantitative tightening (QT), gold entering a profit-taking phase, a stabilizing macroeconomic environment, a greater than 60% probability of a U.S.-China trade agreement according to Polymarket, and the potential for $7.4 trillion from money market funds to flow into crypto if the Federal Reserve cuts interest rates. Negentropic concluded that these factors indicate a rapid and significant altcoin season is approaching.