The issue of altcoin season has always been deeply ingrained in the hearts of every investor, but we have to acknowledge a fact: altcoin season is closely related to liquidity!

It’s not that the market doesn’t need an altcoin season, but rather that the current liquidity does not support the explosion of an altcoin season, especially during times of monetary tightening. However, when the monetary easing period arrives, I believe altcoin season will still appear.

The U.S. stock market is a good example. Compared to the U.S. stock market, the time for cryptocurrencies is too short, so short that this is the first time in history that the $BTC halving cycle overlaps with the Federal Reserve's monetary tightening, leading to a lack of liquidity!

But when the easing cycle arrives, all problems will be resolved. This cycle is monetary policy; during easing, liquidity is better, risk appetite for investments increases, and investors are more willing to invest in high-growth, high-risk assets. During monetary tightening, more investments are in defensive assets.

So I believe that altcoin season will definitely come, although it may involve a long and painful wait, hold onto expectations and be cautious with positions! ##以色列伊朗冲突