No one is talking about altseason anymore, and that can actually be quite bullish. I saw that social media mentions have dropped to their lowest level in two years. That sounds negative, but historically, this has always preceded strong recovery periods for altcoins.

The market is clearly exhausted. Dogecoin has fallen about 75%, Solana more than 60%, Cardano over 70%. Capital has completely shifted into Bitcoin and stablecoins. Anyone holding altcoins simply has no reason to be excited anymore. The Fear and Greed Index has oscillated for weeks between fear and extreme fear. Even on Google Trends, you see that searches for the best crypto to buy remain flat, while searches for "bitcoin to zero" are breaking records.

But here’s where it gets interesting. While retail has become completely apathetic, something else is happening on-chain. Large Bitcoin wallets with more than 100 BTC approached 20,000 for the first time at the end of February. This suggests that the big holders are quietly accumulating while everyone else is panicking and selling.

We’ve seen this pattern before. Every time everyone talks about altseason, DOGE hits a local top. Every period of silence is followed by a rally. It’s not perfect, but over multiple cycles, the correlation is hard to ignore.

The conditions for a real altseason are not yet in place, that’s true. We need Bitcoin to stabilize amid broader market pressure. But the sentiment setup? It’s actually perfect. The crowd is gone, the big holders are accumulating, and the best crypto to buy right now might be those that everyone has given up on.

Meanwhile, you also see that projects like World Liberty Financial are facing their own challenges. WLFI dropped 12 percent after controversy around their lending strategies. Such moments show how selective you need to be in this market.

The next move depends on Bitcoin. But the setup? It looks more interesting than many people think.