Speculation about an impending altseason has intensified in Q3 2025 as data reveals altcoin liquidations on Binance now exceed Bitcoin's for the first time. According to Alphractal CEO Joao Wedson, this reversal marks a critical shift: while Bitcoin dominated 2024 liquidations, the BTC vs. Altcoin Cumulative Liquidation Delta has steadily declined throughout 2025, with altcoin liquidations surpassing BTC's since July. This indicates traders are increasingly targeting altcoins like Ethereum (ETH) and XRP for higher-risk, higher-reward opportunities.
Wedson emphasizes this signals escalating speculation in altcoins, potentially fueling the next crypto bull market phase. He predicts accelerated altcoin interest through September, with memecoins, gaming, and DeFi projects leading gains before projected all-time highs in October-November. Currently, altcoins hold a $1.59 trillion market cap (40.4% of the total $3.93 trillion crypto market), though CoinMarketCap's Altseason Index remains at 46—below the 75 threshold confirming a full altseason.
