A recent survey reveals that a majority of Korean crypto investors believe an “altcoin season” will begin before the end of 2025. According to a poll conducted by Coinness and Kratos, 64.3% of respondents answered that they expect altcoins to lead the market within the year, while only 35.7% disagreed.
The survey also gauged investor sentiment more broadly. When asked about Bitcoin’s outlook, 46% predicted price increases, while 29.7% expected sideways movement and 24.3% anticipated a decline. In total, 56.4% of respondents described their overall market sentiment as optimistic, indicating a broader psychological shift toward risk-on positioning.
However, market data still suggests Bitcoin remains dominant. The Altcoin Season Index, calculated by Coinness, currently stands at 38—well below the threshold of 75 that typically signals altcoin leadership. This suggests that while investor sentiment is shifting, capital flows and price momentum are still centered around Bitcoin.
Nevertheless, the growing confidence in altcoins signals a meaningful trend. Investors appear to be preparing for a potential shift in market leadership, reallocating portfolios accordingly in anticipation of new sector opportunities.
Experts point out that this shift in sentiment reflects more than just short-term profit-seeking. “Investors are increasingly positioning themselves to identify and capture value in new projects and sectors,” said one analyst. “Tracking changes in sentiment often offers early clues to the next phase of the market.”
While the actual arrival of altcoin season will depend on macroeconomic conditions, liquidity flows, and changes in Bitcoin dominance, this survey highlights a key takeaway: Korean investors are beginning to look beyond Bitcoin as the sole market driver.
