Many people have a completely wrong perception of what 'altseason' means.

To clarify the situation professionally:

1. The altcoin market is saturated and hyper-competitive.
We are no longer in 2021/2023, when the supply of new tokens was limited and every narrative attracted capital. Today, hundreds of tokens are launched every week: this fragments liquidity flows and prevents large-scale directional movements.
Too many assets, too little capital.

2. 99% of altcoins have no fundamental value.
They generate no utility, have no real adoption, and the only incentive for the market is short-term speculation.
They are not investments, they are tactical tools.

3. Liquidity is not flowing into high-risk assets.
Altcoins only start a cycle when institutional capital enters the market and seeks higher returns. This is not happening:

there is no monetary expansion (no active QE from the Fed),

rates are still restrictive,

global liquidity prefers assets with greater credibility and capitalisation.
For this reason, capital is concentrated on BTC and ETH, not on the long tail of the market.

4. Crypto Twitter has changed and made information less efficient.
Today's environment is dominated by spam, hype, and accounts that generate nothing but noise. The environment is less focused on research and much more on emotional speculation and FOMO.
Less quality content means more impulsive decisions... and more losses.

5. Don't fall in love with tickers.
The correct approach is not loyalty to the coin, but risk management.
Objective: extract value, not become unwitting promoters of a project.

6. A true altseason requires favourable macro conditions.
Altcoins only pump when:
BTC consolidates after making new highs,
liquidity begins to shift towards risk, there is an expansionary monetary environment (incoming liquidity).
Until this happens, micro-caps remain illiquid and irrelevant.

An altseason is not born out of hope or hype
It only arises when new liquidity enters the system and capital begins to move down the risk curve.

Until then, $BTC and $ETH