When Can We Expect Altcoin Season? Deribit Analyst Shares Key Insights

Rumors have been flying around about whether to expect an impending altcoin season. Ethereum’s performance has been exceptionally high. China recently announced an economic stimulus, and the US Federal Reserve is expected to cut interest rates in September. 

Yet, according to an expert from the Coinbase-acquired crypto exchange Deribit, altcoin season remains on hold. The current panorama suggests cautious optimism rather than extreme euphoria. While Ethereum has surged, it hasn’t reached the required threshold to confirm such an event, and mid- and small-cap altcoins still lack sufficient trading volume.

For many cryptocurrency traders, the allure of altcoin season is the crypto equivalent of a gold rush. This period represents a market shift from established titans like Bitcoin and Ethereum toward a broader constellation of smaller, more speculative assets. Such an event culminates in a trend of explosive gains. 

Current macroeconomic factors and certain on-chain metrics have suggested the arrival of the long-expected altcoin season. 

Altcoin Season starts in September 2025