ETH is almost at 2400, but the altcoin season is making me increasingly uneasy: because retail investors are starting to get excited

There is a magical rule in the crypto world:
When the words “hundredfold coin” start appearing frequently in the group, the risk has usually already quietly arrived.
Recently, market sentiment has indeed been very intense. BTC has regained stability above 81k, ETH is approaching 2400, and altcoins seem to have taken an energy booster. Especially the PayFi sector, which is leading the gains.
Many people are beginning to ask: Is the altcoin season officially starting?
My answer is: It looks like it, but not completely.
A true super altcoin season must be accompanied by two phenomena:
First, BTC consolidates at high levels;
Second, new funds flood in wildly.
And now it’s more like a “local celebration.” Hotspot funds are rotating quickly, today AI, tomorrow PayFi, and the day after it might be MEME again.
Why is this happening?
Because the international situation is creating volatility. The US-Iran issue keeps funds cautious, while Trump’s visit to China makes the market start to imagine “global risk easing.”
So funds enter a typical state:
Saying cautious on the surface, but aggressively opening longs in practice.
The three sectors I am most optimistic about right now are:
PayFi, AI Agents, and RWA.
PayFi has application stories, AI has traffic, RWA has institutional expectations. These three directions are likely to be rotated in and out of hype.
My trading approach is also very simple:
70% mainstream coins for defense, 20% hotspot rotation, 10% reserved for “emotion lottery.”
Because in a bull market, the most important thing is not to earn the fastest, but to survive the longest.
Those who can truly cycle through the market are never the most aggressive, but the ones who can best control their hands. #山寨币资金回流