#山寨季何时到来
The altcoin season usually occurs in the final stage of Bitcoin's bull market, at the peak or just before the peak. Although 2025 is considered the next altcoin season, Bitcoin currently maintains a strong dominance, with its market share around 60%. Institutional funds are also more inclined towards Bitcoin, which has delayed the arrival of the altcoin season. In addition, the uncertainty of regulation has suppressed the explosion of altcoins. However, from a historical cycle perspective, once Bitcoin enters a stable period and funds rotate, the altcoin season will arrive.