#山寨季何时到来 - Starting November 22: There are analyses suggesting that based on key indicators predicted for 2025 such as BTC.D, ETH/BTC, USDT.D, and OTHERS/BTC, the altcoin season is expected to start on November 22, 2024, and is anticipated to last for about 5 months, until April 2025.

- First quarter start: Cryptocurrency market analysts predict that altcoins will enter a super bull market in the first quarter of 2025, as technical charts indicate that their patterns are similar to those before the bull market in 2021, and overall optimistic sentiment is leading to a strong start in 2025.

- Second half start: Based on historical data and capital rotation patterns, some believe that the altcoin season in 2025 may begin in the second half of the year. For instance, if the Federal Reserve potentially lowers interest rates in June, capital for trading cryptocurrencies may increase; institutions like BlackRock, after accumulating enough Bitcoin, may also look to invest in small to mid-cap coins in the second half; AI + blockchain projects are also planning to launch in the second half.