I compared the funding data of altcoins over the past three weeks. Although there hasn't been an explosive surge, there has been steady growth.
August 3rd, Sunday: Market Value 799.524 Billion
August 10th, Sunday: Market Value 887.267 Billion
August 17th, Sunday: Market Value 912.481 Billion
Weekly Growth Rate:
August 3rd → August 10th: +10.97%
August 10th → August 17th: +2.84%
It can be seen that altcoins experienced the strongest explosive power in the first week led by BTC/ETH. Although the growth slowed down in the second week, it did not reverse, indicating that the market is not a 'false rebound,' but rather gradually accumulating funds and sentiment.
In other words, altcoins now resemble a situation on the brink:
The overall market first prices BTC/ETH,
Altcoins, as candidates for catch-up, are being passively lifted,
Once there is a new narrative or capital switch, it could mark the start of the altcoin season.
Therefore, I prefer to view the current situation as a prelude to the altcoin season: not a full-scale explosion, but signs of recovery can be seen.
Once a leading project emerges in a certain sector, and funds have direction, the altcoin season is likely to arrive.
