$BTC The market share has dipped slightly. The altcoins rebounded for a day, and now everyone is immediately calling for an “altseason” again.

A true altseason requires that most altcoins keep outperforming BTC, with both trading volume and capital range expanding in tandem. What we’re seeing now is more like a technical rebound after a waterfall, driven by high-volatility assets.

If only a few hot coins are rising and most other coins are still stuck at the bottom, that isn’t an altseason—it’s just capital clustering.

Besides, Ethereum still can’t reliably outperform BTC, so the market’s most important rotation bridge hasn’t been opened yet.

Altseason shouldn’t be considered to have started just because a couple of double-digit movers appear on a rankings list; otherwise, you could see dozens of “altseasons” in a single year.#比特币现货ETF净流入1.91亿美元