Analysis: This cycle exhibits the "reverse copycat season" characteristic, with structural weakening and increased divergence.

DeepFlowTech · 2026-02-06T12:29:13+00:00

Analyst Ali pointed out that this cryptocurrency cycle is experiencing a "reverse altcoin season," with altcoins performing weakly and no overall market rally. Bitcoin is rising, but most altcoins face downside risks. Market opportunities lie in structural differentiation and two-way trading rather than a one-sided rally, and the divergence pattern is expected to continue in the short term.

DeepFlowTech

2026-02-06 12:29:13

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Deep Tide TechFlow News, February 6th, Analyst Ali published a detailed analysis on the X platform, pointing out that this cycle may have already entered a “reverse imitation season” different from traditional patterns. Historically, imitation seasons usually show Bitcoin rising followed by a rotation of funds into altcoins, driving an overall surge. However, the current cycle is more characterized by structural weakness and increased divergence among altcoins. A review of the cycle’s trend indicates that Bitcoin bottomed around $15,000 after the FTX incident in November 2022, then entered a bull market, reaching a high of approximately $126,000 near October 2025. During this period, the market did not experience a typical broad altcoin rally.

Most altcoins have broken long-term trend channels, lost key support levels, and experienced increased downward volatility. In this environment, market opportunities are more focused on structural divergence and two-way trading rather than a one-sided rally. From a market structure perspective, it appears that altcoins are selectively de-leveraging and returning to valuation levels, rather than entering a traditional full-scale altcoin bull market. In the short term, the market may continue to show divergence, and the structural downside risk has not yet been fully unleashed.

BTC7,73%

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