The cryptocurrency market has rebounded strongly, and the altcoin season needs to focus on three key points:

1. **The BTC sucking effect weakens**: If Bitcoin's dominance (BTC.D) falls below 50% from its current high (about 54%), funds may accelerate their shift to altcoins;

2. **Incremental funds entering the market**: If BTC stabilizes above $100,000 and moves sideways, institutional funds may spill over to mid and small-cap tokens through channels like ETFs, and the total market cap of altcoins needs to break through $1.2 trillion (currently about $950 billion);

3. **Catalysts in ecological hotspots**: The popularity of Meme coins on Solana and Base chains continues, and new breakthroughs may emerge in areas like AI and RWA, creating emotional resonance.

Currently, market liquidity is abundant, but BTC is still in a strong cycle. If the Federal Reserve's interest rate cuts in August and September coincide with capital rotation, the altcoin season may begin at the end of Q3. Be cautious of the risks of high-position profit-taking pressure and regulatory policy disturbances.