Bitwise CIO Matt Hougan says broad altcoin seasons ending as focus shifts to utility tokens

Bitwise CIO Matt Hougan said in a recent interview that the era of broad altcoin seasons, where nearly all tokens rally together, is likely ending as the market pivots toward assets with real-world use. Citing Santiment data, he noted that altcoin social dominance and Google searches have fallen sharply while Bitcoin trades around $70,604 and captures most attention. Hougan added that any future altcoin season will likely be more selective, favoring projects with genuine adoption and business activity.