Is the gear for Alt season starting to turn? Market cap and trading volume are both sending signals—I’ll wait for confirmation that liquidity is flowing back.

CryptoWorld News reports that Michaël van de Poppe said the altcoin market may quietly be entering a new bull phase. Investor interest has increased significantly compared with six months ago, even though Bitcoin is still trading at low levels. According to CoinGecko, the altcoin market cap is about $84.1 billion, the seasonality index is 47—close to the 50 level—and 24-hour trading volume has risen by more than 218%. Some altcoins have already reached new yearly highs, and if concerns about STC are alleviated, liquidity returning could drive further breakouts.