Is there a altcoin season? It depends on how ETH performs. If BTC breaks past its previous high and reaches 100,000 USD, while ETH struggles to break its previous high, then an altcoin season is reasonable right now.

The altcoin market still depends on the BTC and ETH exchange rate. If BTC continues to rise and ETH can outperform BTC, then altcoins may experience a broad rally. However, I remain skeptical about the current liquidity;

If ETH remains weak, there will definitely be no altcoin season, and only a few strong coins may occasionally perform well;

If BTC stays at this level, expecting BTC liquidity to flow into altcoins is a pipe dream.

Don't go seeking swords while carving the boat!

The policy environment, fundamentals, and liquidity are completely different. Institutions only buy BTC, and ETH ETFs are merely pocket change in comparison. The number of value coins (VC) is increasing, their market caps are huge, and there is a massive amount of unlocking, while the limited liquidity is insufficient to drive altcoins up.

In my personal opinion, after all, I'm in cash; the position determines the mindset, and the position size determines the thoughts.