The altcoin season will definitely come, it's just that the time hasn't arrived yet. It's been about a month since I said this, and this image has also been around for a long time. However, I don't think now is the time to start the altcoin season. At least when BTC is falling, there won't be significant funds entering altcoins. At this stage, even if there is some overflow of funds coming out of BTC, it may not necessarily flow into altcoins. Do you remember the weekend theory I mentioned two weeks ago? When liquidity is low, if the sentiment is bullish, then the price trend can be good. Personally, I lean towards the idea that even if altcoins see a rise during the Christmas period, it may not signify the true start of the altcoin season.
Now, to say that we are at a peak of sentiment seems a bit off. When BTC is falling due to panic, I am somewhat skeptical about funds fleeing to altcoins for safety. Of course, I still believe that the altcoin season will definitely start, but more likely during times of heightened sentiment. BTC may not see a significant rise, but it absolutely should not happen during a time of investor panic.