On March 4th, cryptocurrency market analysis firm Santiment posted on social media that the current discussion about "Shanzhai Season" has dropped to a freezing point. However, historical experience shows that when market interest in altcoins drops to extremely low levels, it is often the eve of a rebound.
The chart shows the weekly mention volume of the term "Shanzhai Season" in relation to the price of speculative assets represented by DOGE. "Shanzhai Season" is usually accompanied by FOMO sentiment and greed toward DOGE, Meme coins, or high-volatility small-cap altcoins.
When discussions about "Shanzhai Season" are hot, it often corresponds to market tops; when related topics are ignored, large funds usually start quietly accumulating.
Santiment added that this is by no means a perfect trading signal, and market indifference toward altcoins does not necessarily mean an imminent breakout. But it is worth noting that the historical performance of this inverse indicator is quite remarkable.
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On March 4th, cryptocurrency market analysis firm Santiment posted on social media that the current discussion about "Shanzhai Season" has dropped to a freezing point. However, historical experience shows that when market interest in altcoins drops to extremely low levels, it is often the eve of a rebound.
The chart shows the weekly mention volume of the term "Shanzhai Season" in relation to the price of speculative assets represented by DOGE. "Shanzhai Season" is usually accompanied by FOMO sentiment and greed toward DOGE, Meme coins, or high-volatility small-cap altcoins.
When discussions about "Shanzhai Season" are hot, it often corresponds to market tops; when related topics are ignored, large funds usually start quietly accumulating.
Santiment added that this is by no means a perfect trading signal, and market indifference toward altcoins does not necessarily mean an imminent breakout. But it is worth noting that the historical performance of this inverse indicator is quite remarkable.