Bitcoin’s Movement Signals Altcoin Season is Still Distant

Bitcoin [BTC] has recently been in the news as it surged above $94,000 after briefly dipping below $92,500. These wild swings have left many investors wondering where the cryptocurrency is headed amid growing market uncertainty.

Azcnews Bitcoin's Movement Signals Altcoin Season Is Still Distant

Raoul Pal and his views on the market situation

Adding a unique perspective to the discussion, Real Vision founder Raoul Pal introduced the concept of the “Banana Zone” in a recent podcast. Pal then further clarified the idea in a post on X (formerly Twitter), cryptically stating:

“We are still in the Banana Zone.”

This has sent the community into a frenzy of speculation about what it means for Bitcoin’s trajectory.

Raoul Pal On X
Raoul Pal On X

According to Pal, the concept of the “Banana Zone” describes a rapid rise in the price of a cryptocurrency where the price chart resembles a banana.

Pal further explained that the market is currently in an accumulation phase, following the “Phase 1 of the Banana Zone,” which was marked by last year’s price breakout. He compared this phase to market conditions during the crypto boom of 2016-2017.

Is Altcoin Season Nearing?

Raoul Pal believes that the current accumulation phase will not last too long, and he predicts that the market will soon move into “Phase 2 of the Banana Zone,” which he calls the “Banana Singularity” – a phase that he believes will trigger the altcoin season.

According to the latest update from BlockchainCenter.net, the altcoin season is still far away, with the index currently at 51 – a sign that it is not yet altseason.

In this phase, as Pal explained, “everything is bullish (followed by a bigger accumulation).”

Pal also believes that the market will eventually enter “Phase 3 of the Banana Zone,” which he calls the “concentration phase.” This is where major cryptocurrencies break out strongly and reach new all-time highs. This phase is expected to mark the final leg of the cycle, with select cryptocurrencies reaching new highs.

Altcoin Season Index
Altcoin Season Index

In a similar vein, an analysis based on data from IntoTheBlock revealed that 91.82% of Bitcoin holders are “in the money,” meaning they own tokens worth more than their initial purchase price.

This impressive figure reflects bullish market sentiment, further bolstering expectations for a bull run. In contrast, only 4.52% of BTC holders are “in the money,” meaning they own tokens worth less than their purchase price.

Read more: Trader Turns 90% Loss into $2.5 Million Profit with One AI Token

Given Bitcoin’s leading position in the market, this momentum suggests that the broader crypto market is likely to follow suit, with the majority of assets poised for a bull run in the near future.

Love

0.0/5

Love

Latest

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Hyperliquid Leads The $1.4 Billion Token Buyback Wave Sweeping Through Crypto In 2025

News | Altcoin | Editor Choice

Hyperliquid Leads the $1.4 Billion Token Buyback Wave Sweeping Through Crypto in 2025

The year 2025 is witnessing the largest token buyback wave in crypto history, as blockchain projects have spent over $1.4 billion to reduce circulating supply — and Hyperliquid is leading the charge with an unprecedented scale.

Binance Selling Pressure Weighs On Bitcoin

News | Bitcoin | Editor Choice

Binance Selling Pressure Weighs on Bitcoin, But ‘Uptober’ Could Soon Turn the Tide

Despite the ongoing selling pressure, analysts at CryptoQuant believe this is only a short-term correction before Bitcoin’s typical late-October rebound — the so-called “Uptober” — begins.

Binance Completes Gopax Acquisition, Paving The Way For A South Korean Comeback

News | Editor Choice | Policy & Regulations

Binance Completes Gopax Acquisition, Paving the Way for a South Korean Comeback

According to a report from South Korean outlet MK, the world’s largest cryptocurrency exchange Binance has officially completed its acquisition of Gopax, one of the five licensed digital asset exchanges in South Korea.

Why Hyperliquid Is Becoming Unstoppable

News | Altcoin | Editor Choice

After the Crash and Scandal: Why Hyperliquid Is Becoming Unstoppable

Amid record-breaking liquidations and a listing scandal that rocked Binance, Hyperliquid has risen as DeFi’s “fortress of steel” — a living testament to the true power of transparency and decentralization.

Screenshot 2025 09 10 100533