2026-01-15 13:33:04

After reading related research reports, I increasingly believe this judgment makes sense. Frankly, the altcoin season may really become a thing of the past. Now, traditional financial institutions are flooding into the crypto space, and the ecosystems on both sides are rapidly merging. For traders, switching from an altcoin casino to a tradfi casino (such as options, meme stocks, etc.) is almost cost-free. Liquidity, risk, and return characteristics are converging. When the switching costs disappear, capital flow will be re-priced, and the narrative space for altcoins will be severely compressed. This cycle may truly be different.

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GateUser-40edb63b

· 01-18 12:31

A serious analysis, but I still want to gamble on Dogecoin, after all, the narrative never dies.

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SignatureDenied

· 01-18 03:57

Why are you so pessimistic? I actually think the big players in the crypto world have already been accumulating spot holdings.

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GasWaster69

· 01-16 21:11

It should have been like this all along; altcoins are really gradually turning into a casino for retail investors.

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FlashLoanLarry

· 01-16 05:24

nah tbh the real play is watching where the liquidity actually pools when opportunity cost flips... altseason dying is like saying mev disappears lol, capital just finds new extraction surfaces. tradfi moving in doesn't compress narratives, it just changes who's backrunning whom

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DegenWhisperer

· 01-15 14:00

This logic is a bit crazy; once the conversion costs disappear, the capital runs away. Should have thought of that earlier.

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BanklessAtHeart

· 01-15 13:58

Is altcoin really coming to an end? I don't think so. The TradFi folks coming in are also here to make a quick profit. Why should they be smarter than retail investors?

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OldLeekConfession

· 01-15 13:56

Has altcoin really become history? Don't be silly, everyone says that every cycle, and what’s the result?

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GasFeeCrier

· 01-15 13:56

Altcoins are really about to die out. After the conversion costs disappear, capital will flow back again. This logic does hold up. But I still want to take a gamble on a small coin; after all, it's all a gamble.

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NftBankruptcyClub

· 01-15 13:41

I'm just saying, the altcoin era is really coming to an end. This time, it feels a bit different.

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tx_or_didn't_happen

· 01-15 13:39

It should have been like this a long time ago; the altcoin narrative is really getting worn out.

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Traditional finance entry is like this: once liquidity dries up, who still cares about your little coin story?

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By the way, is this time really different? We said the same thing last year...

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Zero cost is a hard pill to swallow, but on the other hand, institutions aren’t fools; would they just pour in?

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Compressing the narrative space is indeed necessary, but it doesn’t mean altcoins are really dead; it’s just that the profit opportunities have decreased.

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Sigh, I miss the days when everyone could turn things around with clone coins.

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The traditional finance casino is just wearing a different mask; the essence of gambling hasn’t changed.

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Really, recently, a bunch of coins I hold are no longer in demand.

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This logic holds, but no one can predict what the next cycle will bring; it might reverse again.

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Liquidity convergence is the key; everything else is just afterward.

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