In the cryptocurrency field, the altcoin season is receiving a lot of attention. It refers to a short-term phenomenon where altcoins outperform Bitcoin and bring high returns. Typically, this signals the start of the altcoin season when Bitcoin's market share declines, a large amount of capital flows from Bitcoin to altcoins, and the prices of various altcoins soar. Currently, Bitcoin has surpassed the $100,000 mark, but many altcoins are performing poorly, with some even declining. Historically, the altcoin season often occurs in the last year of Bitcoin's four-year cycle; when Bitcoin's price stabilizes, market enthusiasm spreads to other currencies. According to some analysts' predictions, in the first quarter of 2025, as market risk appetite rises and loose financial conditions along with retail enthusiasm recover, the altcoin season is expected to commence. Large-cap altcoins may return to or exceed historical highs, and new narratives will drive mid- and small-cap coins to new highs. However, when exactly it will begin still requires close attention to Bitcoin's trends, market capital flows, and changes in various related indicators.