As the cryptocurrency market gradually recovers, the discussion about whether the altcoin season is coming is heating up again. Although more than a thousand days have passed since the last recognized "altcoin carnival", the subtle changes in the current market are heralding new possibilities.

In the crypto space, definitions are often vague and consensus is hard to find. Is Bitcoin’s bear market marked by a 20% pullback in traditional finance? Clearly, this is not the only criterion in the crypto world. Similarly, there is no simple causal relationship between a project’s degree of decentralization and whether it has a governance token.

Recently, the total market value of cryptocurrency has increased significantly, approaching US$2.35 trillion, of which altcoins account for about 40%. However, does this mean altcoin season has arrived? According to one popular opinion, altcoin season begins when three-quarters of the top 50 coins outperform Bitcoin over a 90-day period. However, current data shows that only 34% of tokens meet this condition, far from reaching the threshold.

I prefer to look at this phenomenon from a broader perspective. I believe that altcoin season will truly kick off when the entire crypto market outside of the top 10 coins consistently and significantly outpaces Bitcoin in market capitalization growth. Although this standard is not perfect, it has been verified in historical data.

Looking back, the crypto market has experienced several glorious periods of altcoins. From Litecoin to EOS to Polkadot, each rise of altcoins has been accompanied by a warm response from the market. However, the current market conditions are still far from the past. Bitcoin has nearly quadrupled since the bottom of the cycle, while the overall increase of altcoins is relatively limited.

This makes people wonder: Is the spring of altcoins really coming? Perhaps the current rise is just part of a strong market rebound. After all, after Bitcoin hit a new high, altcoins have experienced a period of adjustment and are now gradually recovering their lost ground.

However, this may be a positive sign for bulls, who may believe that as the market matures further and investors’ demand for diversified portfolios increases, altcoins will have unprecedented development opportunities.

In addition, although market volatility has eased this week, the upcoming option expiration date may trigger sharp market fluctuations again. More than $5.8 billion in options are about to expire, which will be one of the largest option expirations so far this year. How will traders operate? How will the market react? These will become the focus of our attention.

At the same time, macroeconomic factors cannot be ignored. With the release of monthly statistics on the US labor market and the arrival of the bank holiday season, the market may pay more attention to changes in US economic data. These factors may have a profound impact on Bitcoin and the entire crypto market.

Although we have not officially entered the altcoin season, the subtle changes in the market have provided us with many clues worth paying attention to. For investors, staying vigilant and paying close attention to market dynamics will be the key in the coming period.

As a blogger who has been working in the cryptocurrency circle for many years, I am willing to share my experience and insights with you. In front of my fans, I will share my bull market strategy layout free of charge. I am just a free blogger. I need fans and you need reference.

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