I noticed an interesting phenomenon — no one talks about altseason at all on social media anymore.

It may sound strange, but historically, such silence often precedes a serious altcoin rally.

Santiment data show that weekly mentions of the term "altseason" have dropped to the lowest point in the past two years.
When everyone is constantly talking about altseason — it's usually the market top.
When everyone forgets about it, major players historically start accumulating assets.
Every significant spike in discussions about altseason coincided with a local peak in Dogecoin, followed by a pullback.
It's not an perfect correlation, but ignoring such a pattern is difficult.

The reasons for the apathy are understandable.
Altcoins are indeed heavily devalued since the October crash.
Dogecoin has fallen about 75% from its cycle peak.
Solana lost more than 60%.
Cardano decreased by over 70%.
Capital is flowing into Bitcoin and stablecoins, not into low-cap tokens.
There's simply nothing to rejoice about if you've held altcoins all this time.

Other sentiment indicators confirm exhaustion.
The Fear and Greed Index fluctuated between fear and extreme fear for most of February and March.
Search queries like "best cryptocurrencies to buy" remain at zero.
Meanwhile, searches for Bitcoin to zero set a record in the US.

But here's what's interesting on the blockchain level.
The number of Bitcoin wallets with a balance over 100 BTC for the first time approached 20,000 at the end of February.
This indicates that large investors are accumulating during the price dip.
Data doesn't guarantee a rally, but the signal is quite clear.

For an altseason, Bitcoin needs stabilization, especially given the current geopolitical pressure on financial markets.
Conditions are not yet ready, but the market sentiment is already starting to take shape.
When the hype disappears, it often means that professionals are already preparing their next move.