Now many people are concerned about the altcoin season, where many altcoins are still at the bottom of the grinding wheel. According to past patterns, the bull market cycle is almost complete. Those holding a lot of altcoins are anxious, and a large number of retail investors are trapped yet still harbor illusions. Can the market rise in the future? The key lies in:

1. Whether there is enough new capital and market sentiment to drive funds to rotate into altcoins.

2. Whether there can be a strong narrative to attract funds into specific sectors.

3. Whether the market makers can create volatility driven by their own interests to indirectly push prices upward.

4. The collective behavior of retail investors, whether it is FOMO buying high or rushing to sell to cut losses, will also affect the trend.

This round is indeed very difficult; it seems that a widespread rally like before in the altcoin market is no longer possible because there isn't that amount of capital. Institutions and companies will not play these games with you; they seek stable growth, so projects that can yield interest through staking and have practical utility will be their first choice.