At this point it won't even matter if the alt season people are right when it happens cause they've been saying it for 2 years straight and losing everything/missing gains along the way.

The truth is it doesn't make sense. Bitcoin and a selected gems and narratives. Liquidity isn't infinite and the pump fun drainage is a real issue.

All the speculators that used to hold and wait patiently for 100x are now haplessly bidding the next rug hoping to gamble their way into a bundle.