Analysis indicates that this cycle exhibits a "reverse altcoin season" characteristic

Analyst Ali pointed out on the X platform on February 6 that this cycle may feature a "reverse altcoin season," with structural weakness and intensified divergence among altcoins. A review shows that after the FTX incident in November 2022, bitcoin bottomed out around $15,000, then entered a bull market and reached a high of about $126,000 in October 2025, but there was no broad-based rally among altcoins. Most altcoins lost key support levels and experienced increased downward volatility, with market opportunities more concentrated in structural divergence and two-way trading. In the short term, the pattern of divergence may continue, and the risk of structural decline has not yet been fully released.