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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Recent trends in the Crypto Assets market have attracted widespread follow. Coinbase Research's latest analysis shows that although the market's expectations for the altcoin season have been adjusted, there remains an optimistic outlook for the third quarter of 2025. As September approaches, the current market environment seems to indicate that the era of altcoins is about to fully rise.
In traditional definitions, when 75% of the top 50 alts outperform Bitcoin within 90 days, it can be referred to as altcoin season. However, there is controversy in the current market: does the potential rate cut by the Federal Reserve in September mean that the cryptocurrency market has reached a temporary peak? Coinbase holds a different view. Considering that a significant amount of retail funds (over $7 trillion) is still tied up in areas such as money market funds, the Federal Reserve's easing policies may release more potential for retail participation in the mid-term.
It is worth noting that Ethereum (ETH) is becoming the market focus. The altcoin season index from CoinMarketCap is performing poorly, while at the same time, the total market capitalization of alts has increased by 50% since the beginning of July. This contrast largely reflects the growing interest of institutional investors in ETH. This trend is driven by an increase in demand for digital asset custody services, as well as heightened discussions around stablecoins and the tokenization of physical assets.
In addition, tokens such as ARB, ENA, LDO, and OP have a beta coefficient higher than ETH, but currently only LDO seems to show a significant advantage. This phenomenon highlights the market's differentiated views on different tokens and provides investors with opportunities for diversified choices.
As the Crypto Assets market continues to evolve, investors need to closely follow market dynamics and weigh risks against opportunities. Coinbase's analysis provides valuable insights for market participants, but when making investment decisions, it is still necessary to carefully consider multiple factors.