To start the altcoin season, there are currently only these two methods.

The first is to get rid of low liquidity junk coins, junk coins where the project team does nothing, the same concept applies to a series of junk coins that neither manage market value nor do in-depth work. The junk coins that Binance listed this year have all been delisted; then the altcoin season can come. Right now, 90% of the coins in the secondary market are just junk, with no meaningful existence, like OP, ARB, STRK in L2, and junk coins in L1 like ICP and others. If they say they are not doing anything and just unlocking a few coins, they will all be delisted next month, leaving only the ones that are actually doing something. You see, everyone is starting to take action now. There are simply too many junk coins in the secondary market, probably ten times more than during 2021; the junk should just die. These exchanges need to set proper standards for a major cleansing. From now on, don't list new coins, start ranking the coins I mentioned above and gradually delist them, just eliminate them all.

The second method is to reduce high-leverage contracts to have an altcoin season. A bunch of people are all buying contracts; how can the price go up? The logic of the increase is that more people are buying, but the problem is that as soon as the price rises, they all go for contracts. Generally speaking, the market makers buy low and then sell high, but with contracts, market makers can directly dump; they can just short and crash it. The reason why low-quality coins increase sharply is that you can only buy spot, and if the price goes too high, you can only chase spot, so the price continues to rise. Conversely, Binance's contract for low-quality coins just dumps the price; it's that simple.

With these two methods working together, the altcoin season will naturally begin. Only with a profit effect will there be more users, and the platform can make money from transaction fees. Right now, the big exchanges are like large ships that find it hard to turn, but they need to turn; otherwise, this industry will be ruined. Without users, even if you are the world's largest exchange, you are nothing.