Odaily Planet Daily News: Analyst Ali posted a detailed analysis on the X platform indicating that this cycle may have already entered a “reverse clone season” different from traditional patterns. Historically, clone seasons usually see Bitcoin’s rise followed by capital rotation into altcoins, driving a broad rally. However, the current cycle is more characterized by structural weakness and increased divergence among altcoins. Reviewing the cycle trends shows that Bitcoin bottomed around $15,000 after the FTX incident in November 2022, then entered a bull market, reaching a high of approximately $126,000 near October 2025. During this period, the market did not experience a typical widespread altcoin rally. Most altcoins broke long-term trend channels, lost key support levels, and experienced increased downward volatility. In this environment, market opportunities are more focused on structural divergence and two-way trading rather than a one-sided rally. From a market structure perspective, it appears to be a phase of selective deleveraging and valuation reversion for alt assets, rather than a traditional full-scale altcoin bull market. In the short term, the market may continue to exhibit divergence, and the structural downside risks have not yet been fully realized.
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Cryptocurrency Asset Overview
BTC (+0.14% | Current Price: 65,495 USDT)
BTC has continued its weak sideways movement over the past 24 hours. After multiple failed rebounds, it accelerated downward, with the low retreating to around $65,230. It then slightly stabilized and recovered, currently trading within a narrow range of $65,400–$65,600. Overall, the rebound momentum is insufficient, and market sentiment remains cautious. Technically, the short-term moving averages are turning downward, with MA5 and MA10 crossing below and suppressing the price. MA30 is still in a downtrend, indicating a short-term weak pattern. The key support levels are at $65,200–$65,000; if broken, further testing of lower levels is possible. Resistance is at the $66,200–$66,500 range. Until this area is reclaimed, the trend is likely to remain weak and oscillate sideways.
ETH
GateResearch30m ago
