The upcoming altseason may be even more selective than the previous bull market. 🚨 The last cycle showed that the era when nearly all altcoins rose together has likely passed. Capital concentration may now be even greater. According to a report from OTC @wintermute_t, institutional investors accounted for a staggering 72% of spot trading volume on the platform in the first half of 2026. This is the highest level in history. For comparison: ➡️ 61% in the second half of 2025 ➡️ 59% in the first half of 2025 The challenge for smaller altcoins is that institutions do not broadly diversify their capital. They focus on a limited number of assets. Between the first half of 2024 and the first half of 2026, the number of tokens traded by institutions increased by only 24%. By contrast, retail investors increased their holdings by 76%. Their reaction patterns to price surges also differ. Institutional activity typically fades after about one day following a sharp price and volume move. Retail traders, however, remain active for an average of three days. This could mean more short-lived, sector-specific rallies—and fewer sustained broad-market rallies. Additionally: ➡️ The top 10 altcoins account for approximately 80.5% of the segment’s total market cap ➡️ Profit rotation from BTC to smaller projects has clearly weakened ➡️ Altcoin/BTC trading volumes are near 2021 lows ➡️ Institutions are primarily focused on BTC, ETH, and the RWA sector In my view, the next altcoin upswing doesn’t necessarily mean a classic altseason. We may see strong moves—but across far fewer projects. Simply holding altcoins won’t be enough. You need to hold the right altcoins. Selection may be more important than ever before. What about you? Do you believe in a classic altseason, or are you already playing only the selective plays? Comment below with the 2–3 altcoins you think have a real chance to breakout in this cycle 👇