- Trader frustration toward ONDO and SPX6900 may mark a turning point as past negativity often sparks strong price rebounds.
- Altcoin charts mirror past bull setups, hinting at a brewing third major altseason with potential explosive market-wide gains.
- With rate cuts ahead and liquidity rising, analysts see a perfect mix for altcoins to shine after months of bearish sentiment.
The crypto market is flashing strong reversal signals as crowd sentiment toward key altcoins turns sharply negative. According to Santiment, retail traders have grown increasingly impatient with $ONDO and $SPX6900, a setup that historically precedes strong rebounds.
“When the crowd grows impatient toward certain coins, as they currently are with $ONDO and $SPX, prices will often bounce,” Santiment explained on X. The data from Sanbase analytics shows both tokens have suffered steep drops in social sentiment ratios from August through late October 2025.
ONDO recorded a massive sentiment spike in early September, reaching about 18,577 before a steep decline began. SPX6900, on the other hand, posted two notable surges in late September and early October, though both faded quickly. By October 27th, ONDO’s sentiment had fallen to around 1,883, while SPX6900’s dropped to nearly 1,400—marking their lowest levels of the period.
These downward trends, indicated by Santiment’s dashed trend lines, reflect deteriorating investor confidence. However, historically, extreme pessimism in retail sentiment often aligns with local price bottoms.
Growing Signs of an Altseason Revival
Adding to the optimism, Our Crypto Talk highlighted a potential “third major ALTSEASON” forming across the market. Analysts pointed to the Total3 chart—excluding Bitcoin and Ethereum—which now mirrors setups seen in October 2023 and March 2024.
“Previously when this happened $TAO moved 10X, $ONDO moved 5X, and $SEI broke its ATH,” they wrote on X. The chart displays a textbook cup and handle structure, with a base near $800B and a neckline around $1.1T. A confirmed breakout could lift the total altcoin market cap toward $1.6T.
Moreover, macro factors strengthen this bullish setup. Expected rate cuts from the Federal Reserve through March 2026 could inject liquidity into risk assets. More liquidity typically fuels speculative altcoin rallies. Hence, combining technical patterns with improving macro tailwinds forms what analysts describe as a “perfect storm” for altcoins.
