👀 Altseason? Not Until This Happens First

PLUS: VanEck Files for Lido Staked ETH ETF

Hi Investor 👋

welcome to a ✅ free edition ✅ of Altcoin Investing Picks, the most actionable crypto newsletter.

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In today's newsletter:

• 💡 Altseason? Not Until This Happens First

• 📣 SpaceX moves $270 million worth of bitcoin in first transfer since July

• 📈 VanEck Files for Lido Staked ETH ETF

Let’s dive in!

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💡 Insight

Altseason? Not Until This Happens First

If you’ve followed previous crypto cycles, you might have noticed something feels different this time.

In past bull markets, the price action was largely fueled by liquidity surges — when central banks printed money, interest rates dropped, and capital flooded into risk assets like Bitcoin and altcoins. But this current cycle has followed a different pattern, and that’s important to understand if you’re trying to make smart long-term investments.

Let’s break down what’s changed, and what it means for the months ahead.

This Isn’t 2021

So far, Bitcoin’s price growth hasn’t come from a typical liquidity boom.

Instead, its rise has been driven by:

• New inflows from ETF approvals

• Institutional interest

• “Boomer” money entering for the first time

In short, this rally has been fueled by narrative and structured flows, not the same kind of retail mania we saw in 2017 or 2021.

This also explains why the broader crypto market — especially altcoins — hasn’t seen the same kind of explosive moves (yet).

Liquidity Is Coming — Just Not All at Once

Looking ahead, we’re likely to see a gradual return of global liquidity into markets over the next 12–18 months.

Here’s what’s on the horizon:

• 📉 Interest rate cuts:
  The U.S. Federal Reserve has already priced in two rate cuts for the end of this year and three more for 2026.

• 🏛️ Quantitative easing signals:
  QT (quantitative tightening) is expected to slow down or stop entirely — another form of monetary easing.

• 🏗️ Trump’s economic stance (if elected):
  A Trump administration is expected to “run the economy hot” to boost growth ahead of the 2026 midterms. That could include tax cuts, increased spending, and policies that favor risk-on assets.

• 🌍 Global coordination:
  Other major economies are also pivoting toward easing, which could weaken the U.S. dollar and make crypto more attractive as an alternative asset.

• 🤖 Massive tech investment:
  Governments and corporations are investing trillions into AI, data centers, energy infrastructure, and robotics. This kind of investment is inflationary in the short term — and inflation tends to push capital into scarce assets like crypto.

All of this points toward 2026 as a key year where macro conditions align with the next major leg of the bull market.

So… Where’s Altseason?

You’ve probably heard the term “altseason” — the period where altcoins outperform Bitcoin and deliver massive gains.

But for that to happen, a few things need to occur first:

1. Ethereum (ETH) needs to break $5,000 and hold it

2. Bitcoin must reach new all-time highs

3. As Bitcoin climbs, BTC dominance typically rises — meaning capital is flowing into BTC first

4. Only after BTC dominance peaks do we usually see capital rotate into altcoins

That means altseason doesn’t come before Bitcoin makes its move — it comes after..

Key Takeaways for Investors

Here’s what this all means for you as an altcoin investor:

• The current bull market is different — and it’s not over

• Macro trends suggest there’s still room to grow

• Bitcoin needs to lead massively again before altcoins follow

• Major liquidity tailwinds are likely in 2026

• Smart positioning now could lead to significant upside later

What to Watch Next

If you’re building a long-term position, here are a few signals to keep an eye on:

• BTC dominance

• Fed policy meetings and rate cuts

• Global liquidity metrics

• Real-world adoption trends in AI, blockchain, and infrastructure

• ETH and high-quality L1s breaking key resistance levels

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📣 Update

SpaceX moves $270 million worth of bitcoin in first transfer since July

SpaceX, the aerospace manufacturer founded by Elon Musk, made a bitcoin transfer of approximately $268.5 million on Tuesday, marking its first movement of its BTC holdings since July 24.

Read more →

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📈 Signal

VanEck Files for Lido Staked ETH ETF

VanEck just filed an S-1 for a Lido Staked ETH ETF, aiming to offer institutional exposure to stETH — the dominant liquid staking token on Ethereum.

This marks a major milestone for liquid staking, signaling growing institutional interest in yield-generating ETH, not just spot ETH.

Why it matters:

• stETH is now being treated like its own institutional-grade asset

• Lido’s role in Ethereum’s staking economy is being formalized

• Opens the door for future ETH staking products on traditional markets

Read more from Lido →

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