#山寨季何时到来 #山寨季何时到来 The altcoin season usually occurs in the final stages of a Bitcoin bull market, at its peak or just before it peaks. 2025 is considered the next altcoin season, but currently, Bitcoin still holds a strong dominant position, with a market share of around 60%. Institutional funds are also more inclined towards Bitcoin, causing the altcoin season to be delayed. Additionally, regulatory uncertainty has also suppressed the explosion of altcoins. However, from a historical cycle perspective, once Bitcoin enters a stable period and funds rotate, the altcoin season will arrive.