#山寨季何时到来 *The "Altseason" in the cryptocurrency market usually refers to a phase when a large influx of funds flows into mid- and small-cap tokens (altcoins) driving their surge, while Bitcoin is either consolidating or correcting. Historical data shows that altseason often occurs in the mid to late stages of a Bitcoin bull market, requiring several prerequisites: 1. A significant drop in Bitcoin's dominance (BTC.D), with funds flowing away from BTC; 2. The market sentiment index entering the greed zone, signaling new funds entering the market; 3. A continuous increase in trading volume of altcoins on major exchanges. The current market is still in a Bitcoin ecosystem dominance phase, but some sectors (such as Memecoin, RWA, AI) have shown signs of rotation. If ETF funds continue to flow in and expectations for interest rate cuts by the Federal Reserve strengthen, altseason may start in Q3-Q4 of 2024. Investors need to be cautious of high volatility risks, focusing on low market cap, strong community, and projects with real use cases to avoid FOMO chasing.