According to Cas Abbé (@cas_abbe), the altcoin market capitalization is currently lagging behind Bitcoin by 6 to 8 months, a divergence that started after the launch of PumpFun in early 2024. Prior to this, altcoin and Bitcoin market caps were highly correlated. For traders, this suggests that an immediate altseason is unlikely, but not ruled out; instead, it will likely be delayed. Cas Abbé notes that buying altcoins now is comparable to buying Bitcoin at $60,000 in October 2024, indicating that altcoins may still be overvalued relative to their timing in the cycle. Traders should adjust their portfolio strategies, considering the delayed altcoin cycle and the influence of meme coin platforms like PumpFun, which have shifted capital flows in the crypto market (source: Cas Abbé, Twitter, June 10, 2025).