Brothers, pay attention! The footsteps of the altcoin season may be getting closer 📈$BTC

Reviewing the patterns of past bull markets:

- The 2017 altcoin season began with the ICO wave triggered by The DAO, marking the first mass adoption of blockchain applications.

- The 2020-21 altcoin season originated from the DeFi Summer explosion, with a surge of new projects leading to a spike in on-chain activity.

Does the current market state seem a bit familiar? BTC and ETH are consolidating, large-cap coins are showing stable trends, while on-chain funds are quietly searching for new targets.

Several on-chain signals worth noting:

- Concentration of funds is evident: large holders of coins like TRX have a high proportion of holdings, and economic power concentration may affect short-term trends.

- Small coin windows are beginning to emerge: funds are clearly switching between large and small-cap coins, while the on-chain interaction volume of emerging projects continues to rise.

- Historical patterns suggest: the later stages of a bull market often see a concentration of small coins performing well, and current capital flow characteristics are showing signs.

Advice for brothers:

1. Keep an eye on innovative projects and on-chain data; don’t just focus on K-lines to watch prices.

2. Positioning should be steady, gradually layout according to the market rhythm.

Overall, the altcoin season may be brewing, but the pace and magnitude are likely to be more moderate. On-chain data is an important reference, so stay patient and let the bullets fly a little longer～

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