There are indicators suggesting that the altcoin season is approaching. Bitcoin's dominance is declining, and altcoins are outperforming Bitcoin, reaching new market capitalization highs. However, the Altcoin Season Index and other related indicators show that the peak of altcoins may not have arrived yet. The altcoin rebound since November seems to indicate a larger altcoin season in 2025. Emerging crypto trends and technologies may attract the attention of institutional investors and venture capital. Below is an analysis based on on-chain data and other trends regarding the outbreak period of the next altcoin season, #加密市场狂欢 #山寨季何时到来？