A post from @alicharts claims that altcoin season is over and forecasts a possible decline in Hyperliquid, Ondo, and Quant. The Altcoin Season Index remains between 39 and 41, below the threshold indicating a boom in cryptocurrencies outside bitcoin, while bitcoin continues to dominate the market. Market participants are scaling back their expectations for Hyperliquid: the odds of it reaching $100 by December 31, 2026 have fallen to 18.5%, from 26% 24 hours earlier and 56% a week ago. Alternative cryptocurrencies have suffered combined losses of about $200 billion, with many trading below their 200-day moving averages. Price action, trading volumes, and major announcements from Hyperliquid remain factors that could alter these trends.
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