ALT SEASON

We’re approaching a critical technical structure that has historically preceded major altcoin rallies - potentially signaling the early stages of the next Alt-season

Historically:

• In early 2021, the market cap excluding Bitcoin surged followed by a steep correction

• A similar pattern formed in mid-2022, leading to a rally in altcoins after a period of consolidation and capitulation

• We’re now seeing a third major base forming, structurally resembling the prior two setups

Key Insight:

If this pattern plays out, we could witness a broad-based altcoin rotation, with dominance shifting away from $BTC and $ETH

The previous altseason phases delivered outsized gains in mid and low-cap alts, and conditions appear to be aligning once again