The Altcoin Season Index just hit its highest reading in three months.

While $BTC has been stuck fighting for direction between $60,000 and $64,000, smaller tokens have quietly started outperforming.
$LIT is up more than 50% over the past week after a tokenomics update that permanently burns repurchased tokens.
Bitcoin remaining flat while smaller tokens move quickly usually signals that risk appetite is returning, but nobody's fully confident yet. Nobody wants to be the last one holding a coin that has already run without them.
It doesn't tell you what happens next. It does tell you where attention is sitting right now.