Looking back at the altcoin season years ago, what obvious characteristics are worth pondering?**
1. **The linkage effect between BTC and ETH is gradually weakening**
In the past altcoin seasons, after BTC rose, ETH would always take the baton, driving many altcoins to rise as well, and some strong coins could even surge more than ten times ahead of ETH. However, this linkage is no longer the case; after BTC rises, ETH chooses to 'lie flat', and this change seems to have become the new normal.
2. **The fading of sector rotation**
The bull market of 2021 is still fresh in memory, with public chains, DAOs, and NFTs taking turns to rise, making it dazzlingly profitable. Even in the 2023 market, sectors like L2 and AI also shone collectively. But now, the sector effect is no longer obvious; individual conceptual coins occasionally perform well, but it is difficult to reproduce the overall rotation glory of those years.
3. **Classic rising patterns of altcoins**
The rising trend of altcoins used to be very clear, almost cycling through three modes:
- Small incremental rises, making people hesitant to chase, fearing a pullback to take profits;
- Sudden spikes and drops, rising rapidly and then crashing 30%-50% before quickly bouncing back, leaving high-leverage players in despair;
- Zigzag patterns, rising for a few days and then falling for a few days, repeatedly washing out positions and testing holding patience.
**The question is: can today's altcoin season still reproduce these 'old era characteristics'? Which pattern do you favor? Let's discuss your thoughts in the comments!**
