Regarding the question of whether the alt season will come, there are a few points to note:

1. The expectation of interest rate cuts has not come, but this expectation is on the way, which is equivalent to external water release, and everyone wants to fight for the crypto market pie in the US election.

2. There will be a bull market in this round of alts, but because the volume is too large, the increase is smaller, the sectors are scattered, each sector has the ability to attract, and the degree of dispersion of funds will be far greater than before, so most alts will not have a trend like meme.

3. Ethereum ETF is very important for the start of this round of alt bull market. You can see that the ETF can also drive the rise of alts through the market's expectations for the big cake. Ethereum is equivalent to the leader of the alt, which will bring buying sentiment to all coins.

4. The current total market value of alts is close to the bull market, but there are still many coins that have not outperformed the market, indicating that the market has entered a new normal. It will not be like the last round of bulls, where all sectors and all projects join hands with ATH to continuously create new highs. This round will test your ability to select coins more.