🚨 Altseason on hold… but it’s not over.⚠️

The reading of the TOTAL2 Crypto Market Cap Excluding Bitcoin — which measures the market capitalization of altcoins excluding Bitcoin — shows that the market has entered a phase of structural correction on the weekly timeframe.

After completing an impulsive cycle, the chart indicates the end of wave 3 and the beginning of a corrective wave 4, a common pattern in Elliott Wave Theory. This type of movement usually occurs in the form of a triangle or sideways action, draining liquidity before the next big move.

📉 Meanwhile, capital tends to migrate back to Bitcoin or stay temporarily out of the market, delaying the much-anticipated Altseason.

If the structure remains valid, the market may seek lower liquidity zones before a new expansion — which means that going heavy into altcoins now may be premature.

⚠️ Conclusion:

The Altseason has not been canceled… just suspended while the market breathes and reorganizes the flow of capital.

And when this compression ends, historically, the following movements tend to be explosive. 🚀