Is the alt season coming? The market is severely polarized, with a significant wealth gap in Cryptocurrency Trading; some altcoins are entering their alt season, while the vast majority of coins are merely following the rise. USDT has no premium and remains stable around 7.12, indicating that the incoming funds aren't that obvious. Do you still remember how much premium was made in previous years? The continuous rise in BTC price is due to institutional buyers entering the market; altcoins are played by old suckers and retail investors in the crypto world, and the capital levels are completely different from those of institutions. This is also why Bitcoin can repeatedly hit new highs, but USDT has no premium, and the main reason altcoins are not particularly crazy. There are just too many altcoins; with the same code, it's just a different name, continuously launching projects, constantly diluting the market's retained funds, but failing to attract more funds to enter the altcoins, making it difficult for the alt season to arrive. Compared to four years ago, the number of types of coins has increased by thousands, multiplying several hundred times, but the number of people trading cryptocurrencies hasn't multiplied by hundreds. Altcoins are those that are targeted by institutions, have a gimmick, have significant bottom chip turnover, and have a very good pattern; they may still experience a decent alt season, but it will be hard to see another alt season that yields tenfold or hundredfold returns. Personal opinion, for reference only #山寨季来了？# .