Why hasn’t the 'Altcoin Season' arrived yet, but Ethereum and mainstream coins are quietly accumulating rebound energy?

In the last 24 hours, a 'subtle but noteworthy' signal has emerged in the crypto market — despite overall sentiment remaining cautious, several key data points are quietly changing, which may indicate that the prelude to a new round of rebounds has already begun.

✅ What has happened recently?

According to the latest data, stablecoin yields are at low levels, which some analysts interpret as a sign of reduced 'overheating' risk in the market. This means that leverage and speculative enthusiasm may be temporarily suppressed, leaving room for a steady rebound.

Meanwhile, current mainstream coins like Bitcoin (BTC) and Ethereum have shown signs of capital inflow recently, with some speculating that this may indicate institutions or some rational funds are quietly positioning themselves.

Looking at the overall market's 'Altcoin Season Index' — it is currently only about 22, significantly lower than the September peak of 78. This suggests that altcoins have not yet fully launched, and the entire market is still in a 'cautious period.'

In other words: the current market is likely in a phase of 'mainstream coin recovery + altcoin consolidation' — a relatively steady and risk-controlled asset restructuring.

🔎 What does this mean?

For ordinary investors/observers, this is currently a 'stealth observation period.' Not all coins will take off, but if mainstream coins stabilize, they are expected to rebound first.

For those inclined towards stability and avoiding excessive speculation, the current situation may be a 'low volatility + high certainty' window. Low stablecoin yields + stable market sentiment = mainstream coins may become a short-term 'safe haven.'

For long-term investors, this may be a good opportunity to reorganize positions and clarify asset structures — because before the altcoin craze begins, buying high-quality mainstream coins + focusing on market liquidity & macro environment, the risks may be relatively low.

#加密市场观察 $ETH

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