Crypto Market Suffers More Crashes | Will October Rebound?

Key Takeaways

The crypto market faces a dump despite the hype surrounding the October pump, as experts hint at a possible altcoin season around the corner.

Bitcoin’s price replicating October pump could see the price trade above $150k, based on historical records of over 30% price rally.

Experts remain optimistic ahead of October, sharing market insights and data on a potential altcoin season rally.

The crypto market capitalization has fallen to its monthly low of $3.8 trillion from a high of $4.1 trillion, following a consistent market decline over the last few days. The price continues to look weak and could potentially see further decline in the coming weeks if this trend persists.

In the early hours of Thursday, the price of Bitcoin fell from a region of $114,000 to a low of $111,000, following its strong price action and creating new highs in June, as the market was in high optimism of a continuous rally toward $130,000 based on speculation.

Crypto Market Optimism Heats Up

Despite the market demonstrating bullish sentiment towards BTC and other crypto assets, it has struggled for weeks to build on previous market momentum to the upside. The recent price crash in the crypto market wiped out the gains accumulated by Solana, DOGE, Ethereum, and even Bitcoin.

Once bullish market sentiment has quickly shifted to neutral based on on-chain data from CoinMarketCap, as traders and investors become more cautious about the next market movement for Bitcoin.

October is called UPTOBER for a reason.

This is highly bullish in post-halving years.

Position yourself before Q4. pic.twitter.com/T2Rcz8FlwN
— Crypto Rover (@rovercrc) September 24, 2025

Nevertheless, comparisons are beginning to resurface despite the recent market crash across all markets, as traders and experts believe the market is on the verge of a bull market, making a clear comparison with the 2017 bull cycle, when altcoins created one of the highest market runs for a long time.

Altcoin Season Index Hints at Possible Bull Cycle

Source – Altcoin Season Index from CoinMarketCap

According to Om-chain data from CMC, the altcoin crypto market data indicate that the market could be gearing up for a strong altcoin season in the coming weeks to months, following recent data suggesting that altcoins are on the verge of a breakout to the upside.

While this cycle has taken a long time to reach this point, crypto experts and investors believe that more liquidity is present in the market this time, which could be a major boost for the altcoin season.

Referring to past altcoin cycles, we can see that many altcoins have outperformed Bitcoin, trading to higher price points and achieving new all-time highs. Although BTC has outperformed many altcoins over the past few months, things could shift soon as the altcoin season approaches.

In summary, despite the crypto market suffering from shock market dumps in the last few days, the market remains optimistic about a potential altcoin season just around the corner, based on market hype and on-chain data statistics.