I noticed an interesting thing: almost no one talks about altseason on social media anymore. Mentions of this term have dropped to a minimum for at least two years, and this could be a much more significant signal than it seems at first glance.

The main reason is clear — altcoins were simply wiped out. Dogecoin fell about 75% from its cycle peak, Solana lost over 60%, and Cardano decreased by more than 70%. Capital has all moved into Bitcoin and stablecoins, not into low-cap tokens. If you held altcoins through this drop, there’s simply nothing to rejoice about.

But here’s the point. Historically, when everyone is shouting about altseason — it’s usually the peak. When they are silent about it — major investors start quietly accumulating. Every significant spike in discussions about altseason over the past two years coincided with a local DOGE peak. And after each period of silence, a rally followed. The correlation isn’t perfect, but it’s hard to ignore.

Other indicators confirm that the market is completely drained. The fear and greed index fluctuated between fear and extreme fear for most of February and March. Google Trends for searches like “best cryptocurrencies to buy” remain at zero, but searches for “Bitcoin to zero” set a record. Retail investors are not just disappointed — they have completely stepped away from the market.

Meanwhile, something interesting is happening on the blockchain. 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 accumulation by large players during dips. The data doesn’t guarantee a rally, but the picture is forming.

For now, the conditions for an altseason are not ripe. The market needs Bitcoin stabilization amid geopolitical pressure. But psychology is already changing — apathy towards altcoins could be the most bullish signal right now. When no one believes, that’s exactly when recovery begins. This is a historical pattern that’s hard to ignore.