Crypto
Altcoin season scepticism spreads as major trader says 90 percent of market in downtrend
Scepticism about an altcoin season is spreading after a major trader placed a $1 million bet on further declines across altcoins. The trader, De Profit, built short positions spread across 100 altcoin names and said weakness could persist into 2026. He said at least 90 percent of the market was in a sustained downtrend and saw limited chances of a reversal, projecting potential profits if prices fall further.
