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What is altcoin season?
2017 bull market
2021 bull market
From the end of 2022 to the beginning of 2023
From the end of 2023 to the beginning of 2024
All of these time periods count.
But since the beginning of 2024 (when Bitcoin's price was $70,000), only Bitcoin has risen, with an increase to a peak of about less than double.
Due to the expansion of altcoin assets, liquidity is concentrated on Bitcoin, and more importantly, the potential for price increases is also shrinking.
This has resulted in only a "shitcoin season" rather than an altcoin season.
If Bitcoin now rises from $70,000 to $300,000, I think it's reasonable to say that it marks the low point of altcoin season.
Altcoin season only exists when Bitcoin has sufficient expected price increases, but do you think Bitcoin will create enough space for that?
For a considerable period in the future, there will be no altcoin season, only a "shitcoin hype season."
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