I noticed that no one is talking about altseason anymore. Like, mentions have dropped to the lowest level in two years. And you know what's funny? Historically, this is a very good sign.

When everyone is hyped about altseason, it's usually a sign that we're at the top. When silence takes over? That's when the big players start accumulating behind the scenes. I saw here that each peak of buzz about altseason in the last two years coincided with a local top of DOGE, and then each quiet period led to a rally.

It makes sense that interest is waning now. DOGE has fallen about 75% since October, Solana lost over 60%, Cardano suffered a 70% drop. The entire altcoin market is suffering, with money flowing into Bitcoin and stablecoins. Nobody is excited about altcoins during this correction, obviously.

But look at what's happening in on-chain data: wallets with more than 100 BTC reached nearly 20,000 in February. The big players are accumulating while everyone is scared. The Fear and Greed Index is oscillating between fear and extreme fear. Searches for "bitcoin to zero" hit record highs. All of this indicates capitulation.

Now in April, Bitcoin is at $72.15K (+1.28% in 24h), Solana at $2.22K (+1.67%), DOGE and Cardano with small gains. We still don't see altseason happening, but the underlying sentiment is already there. Only thing missing is Bitcoin stabilizing better so that money can flow down the risk curve and altcoins can take off again.