The current market situation is too polarized, and retail investors no longer have the passion for altcoin season as before. More often, they are just complaining about the poor profitability of the market. Seeing BTC rise, they regret not buying Bitcoin. What I want to say is:

Don't just focus on BTC! Although Bitcoin (BTC) is indeed leading the market rebound, the real 'wealth code' may be hidden in altcoins.

For example, established public chains like ADA are steadily returning, and their potential should not be underestimated. Looking back at history, in the past 3 cycles, altcoins often reached their price peak about 476 days after Bitcoin's halving. If historical patterns repeat, now might be the last chance before a surge.

However, along the way, many people's mindsets have been repeatedly 'frictioned' — altcoins 'rise slowly and fall quickly,' and a wave of correction can bring people 'back to square one.' Market sentiment is also like a roller coaster: when prices rise, optimistic comments are everywhere, and imagination runs wild; when prices fall, pessimistic views dominate, and people even selectively forget previous trends.

Everyone wants to steadily 'eat meat'; no one wants to just taste the sweetness and then 'get a beating,' or even 'not get the meat but still take the beating.' The ideal 'altcoin season' everyone envisions is for all sectors and projects to progress together, constantly refreshing historical highs (ATH). But to be honest, this is more of a beautiful imagination. Even in a widely recognized bull market (like in 2021), not all projects have impressive gains, and many perform mediocrely. Moreover, the peak times for different sectors can differ by several months; if the timing of entry is off, one may still incur losses, and fluctuations during the process are difficult to avoid.

Therefore, this cycle will still have an 'altcoin season,' but its performance may be more moderate. More importantly, only a few quality projects can truly outperform the market and stand out.