There are two main types of currencies that have risen recently:
VC coins with large amounts of unlocking: such as #SUI, #APT, and #ARB. The rise of these currencies is likely to be the result of dealers raising prices in the market and then cutting leeks after unlocking.
Currencies that rebound from oversold: such as #SAGA, #PIXEL, #ORDI, and #SATS. After these currencies fell 90% from their highs, the current rise is likely just a rebound after oversold.
Therefore, the current market rise is more of an oversold rebound, rather than the beginning of the altcoin season.