As per Captainaltcoin, the anticipated altcoin season failed to materialize due to weak U.S. manufacturing data. The November ISM Manufacturing PMI dropped to 48.2, below the expected 49, signaling ongoing economic contraction. Analyst Bull Theory linked this to the lack of liquidity and risk appetite needed to fuel altcoin rallies. Historically, altseasons occurred when the PMI exceeded 55, indicating strong manufacturing activity. With the economy in a slowdown phase, conditions for broad crypto market moves have not yet formed. The analyst suggests a potential shift could come in 2026 if the PMI rises above 50.
U.S. ISM Manufacturing PMI Below 50 Explains Missing Altcoin Season
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