What many people here don't realize is that the higher Bitcoin goes and consolidates after that, the stronger the alt season will be.

Don't get me wrong. The alt season is already here. However, it comes in different waves and with different strengths.

Remember when Bitcoin was stuck between $90k-100k for weeks?

The rally was the strongest back then.

Now people are complaining that Bitcoin is taking liquidity out of the market again by going up big, going down a bit, going up big again, etc...

All I can see is that the next wave will be even stronger than the one between $90-100k.

Alt season when Bitcoin consolidates at $120k > alt season when Bitcoin consolidates at $110k > alt season when Bitcoin consolidates at $100k > ...

The best part is that it shows that alts haven't peaked yet.

If Bitcoin had continued to consolidate at $90-100k like it did a few weeks ago, the chances of it peaking there would have been growing more and more.

Would it have been better for alts at that point in time? YES

BUT that would also mean that it would have been an altseason that ENDED the season and it would not have continued.