Altcoin season is over, predicts social media post; Hyperliquid, Ondo, and Quant expected to decline

A social media post by @alicharts claims that the altcoin season has concluded, forecasting potential declines for Hyperliquid, Ondo, and Quant. This assertion comes amidst a broader context where the Altcoin Season Index remains below the threshold indicating an altcoin boom, at 39–41, and Bitcoin continues to hold a dominant market position. Market participants appear to be reacting to these sentiments, with pricing on platforms showing a decrease in confidence for Hyperliquid reaching significant price targets by the year’s end. In the prediction market for Hyperliquid’s price reaching $100 by December 31, 2026, current odds have decreased to 18.5% from 26% just 24 hours ago, and 56% a week ago. This sharp decline suggests that market participants are increasingly skeptical about Hyperliquid’s potential to hit the $100 mark within the specified timeframe. The broader trend in altcoin markets, including a substantial $200 billion loss, and a significant portion of altcoins below their 200-day moving averages, appears consistent with the claimed end of altcoin season. Key Takeaways Market data suggests a decline in confidence for Hyperliquid reaching $100 by year-end, with odds dr...