#山寨季讨论量跌至两年新低
The discussion volume of "Shanzhai Season" has dropped to a two-year low: Is there a turning point brewing in despair?
The discussion heat on social media regarding "Shanzhai Season" has fallen to its lowest point in two years. According to Santiment data, as of the week ending February 27, the social dominance index of altcoins is only 33, far below the 750 of July 2025. The search interest for "altcoins" on Google Trends is only 4 points (out of 100).
The market has entered the "Bitcoin solo dance" era.
CoinMarketCap's altcoin season index is currently at 34 points, well below the confirmation line of 75 points, indicating that the market is still in the "Bitcoin season." More brutally, 38% of altcoin prices are close to historical lows, even higher than the 37.8% after the FTX crash.
The truth about capital flows.
In the past year, 85% of the incremental funds flowing into the crypto market have gone to Bitcoin and stablecoins, leaving the remaining 15% for over 5,000 altcoins to compete for. Bitcoin's market dominance has remained stable at over 55% for 730 consecutive days, setting the longest record in the history of the crypto market.
The freezing point is often the eve of a turning point.
Historical experience shows that when discussions about "Shanzhai Season" drop to a freezing point, it is often the eve of a major rebound. The FOMO and greed sentiment for more speculative assets in the market have dropped to a low, making it easier for large funds to start pushing prices upward.
But the premise is that Bitcoin must stabilize first.
Analyst Michaël van de Poppe pointed out that whether altcoins can rebound largely depends on whether Bitcoin can stabilize. The current market is also affected by broader market pressures brought about by the conflict in Iran.
Conclusion:
When everyone gives up discussing altcoins, the real opportunity may be brewing. But this is not the time for blind bottom-fishing—waiting for Bitcoin to stabilize, for market sentiment to recover, and for funds to rotate again is necessary.
When the market shows clear bottom signals, I will share my analysis and judgments here as soon as possible. Stay tuned or join the community, and don't miss critical opportunities. $BTC $ETH
