Currently, the focus should be on the exchange rate between Ethereum and Bitcoin, as Ethereum is the largest public chain in the blockchain space. Their strengthening can indicate whether market funds are starting to flow out of Bitcoin. Over the past three months, mainstream coins' exchange rates against Bitcoin have been declining, which is why altcoins have remained inactive. This is also the reason why altcoins haven't performed or participated much during this period.
However, there has been a turning point recently, as some mainstream exchange rates have risen above the 20-day moving average. If they can stabilize, it would confirm that funds are starting to flow towards mainstream coins. Nonetheless, observation is still necessary, as the exchange rate of Ethereum against Bitcoin has not been able to rise above the 20-day moving average since it fell below it on January 8 of this year.