FBS, a leading global broker, has published a new market analysis highlighting that the upcoming altseason will look very different from past cycles. Unlike the retail-driven chaos of 2021, today’s crypto market is heavier, more selective, and increasingly shaped by political and institutional forces.
According to FBS analysts, liquidity is no longer flowing freely across the entire market. Instead, it is concentrating at the top — in tokens with both strong fundamentals and political leverage. By mid-2025, the top 10 altcoins already captured over 70% of the total altcoin market cap, compared to less than 50% in 2021.
The turning point, analysts note, has been U.S. policy. Since returning to the White House, President Donald Trump has pushed through the most pro-crypto agenda in U.S. history. His administration’s executive order opening 401(k) retirement plans to digital assets, alongside new legislation and crypto-friendly regulators, has created a fast lane for institutional adoption.
“Altseason 2025 won’t be defined by retail speculation. Political pipelines and institutional flows are shaping it,” FBS analysts explain. “The winners are likely to be projects with direct access to this liquidity, not random microcaps.”
Among the tokens positioned to benefit are:
The analysis stresses that while altseason is still ahead, traders should not expect “buy anything and it goes 100x” scenarios. Instead, liquidity will be directed toward a curated shortlist of politically connected and institutionally viable tokens.
“Crypto is entering a new era,” FBS concludes. “Market cycles are increasingly shaped by institutions and policy, not just retail enthusiasm.”
Users can read the full analysis here.
Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation, and is intended for informational purposes only.
About FBS
FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market’s most trusted brokers. Today, FBS serves over 27,000,000 traders and more than 700,000 partners around the globe.
