The altcoin season will definitely come, it's just that the time has not yet arrived. This statement has been made for about a month now, and this image has been used for a long time, but I don't think now is the time to start the altcoin season. At least during the decline of BTC, there won't be much capital flowing into altcoins. At this current 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? It suggests that when liquidity is low, if the sentiment is bullish, then the price trend will be good. Personally, I lean towards the idea that even if there is a rise in altcoins during the Christmas period, it may not signify the true beginning of altcoin season.

Now, if we have to say that this is the peak of sentiment, it seems a bit unreasonable. When BTC is dropping due to panic, I am somewhat skeptical about funds fleeing into altcoins as a safe haven. Of course, I still believe that the altcoin season will inevitably begin, but more likely during periods of heightened sentiment. BTC may not surge significantly, but it definitely should not happen when investors are panicking.