Many people ask if there is still a altcoin season?

Personally, I think there isn't, or rather the altcoin season has taken on a different form, transforming into various groups issuing tokens (which is also a random surge of new coins), why?

Everyone can think about what the logic was behind the previous two rounds of altcoin seasons? It was because institutions hadn't entered the market yet (the market was primarily driven by retail investors), and when retail investors made money from Bitcoin and Ethereum, they would put their money into higher-risk altcoins, thus leading to a flourishing altcoin season. However, the main capital driving this round of increase is institutional ETFs (the participation of retail investors is not as high as before), and institutions cannot casually invest in altcoins after making profits; instead, they will invest in new projects or issue new coins (based on the logic above, I also asked ChatGPT, see the first two images attached for validity).

As for the random surge of new coins, everyone might not feel it much. I can give you a reference: Alpha airdrop, previously, I could earn about three thousand yuan in a month, and after participating for ten days at the end of September, I earned seven to eight thousand (see image three), and this is not an isolated case; basically, everyone who participated earned this much. Additionally, with the recent chaos of various Chinese memes, I think we can say that the new 'altcoin season' is nearing its end.

Therefore, I believe a bear market is just around the corner. This round of a 17 billion drop is not a washout before a surge but the beginning of a bear market. I will take advantage of the rebounds in the next few days to clear out some of the remaining Bitcoin (if there are any).