alt season? Is it a false proposition?

Lately, I often see complaints like this in the community: ONDE is free-falling, DOGE is stuck at almost 50%, when can APT return to the capital? Let me say something painful— the altcoin you hold, it could be that the developers have already run away, and what is still circulating in the market may only be the market makers that are still holding on. Don't believe it? Try checking the depth of those coins, try withdrawing market maker funds, you will find that real purchases are very few.
Want to know which projects are actually "dead"? Look back at the big candlestick on October 11, the answer is clear. The sharp decline that day is like a mirror reflecting many projects with no substance.
Ultimately, the logic of alt season has never changed: when mainstream coins rise to high levels, funds will flow in search of assets with better price ratios. The problem this year is different — the surge in BTC is largely driven by institutional funds, and the abundant money is only circulating among a few mainstream coins, not flowing into this altcoin pool. So, it's not surprising if you don't see a situation where all coins are rising together.
The altcoin game is essentially the same: storytelling, creating concepts, shouting slogans. However, in recent years, the development of blockchain has been very rapid, various coin publishing platforms have lowered the threshold to the lowest prices, and the number of projects has increased manifold. Now the market is no longer trapped in "drawing a cake"—projects without real revenue and without application scenarios, no matter how beautiful the story is, will not stand firm. Although it will not immediately become zero, altcoins without strong support, like castles on the beach, will crumble when the waves come.
If the altcoin you hold is a "pure story type", sell it now while there is a rebound. In investing, 80% of the time is waiting. Choose the right assets, be patient in waiting for opportunities, and wait for the moment when "All in" arrives.
During this time, maintain small regular investments in reliable coins, survive the winter and there will be a spring. Remember: survival is a prerequisite for talking about the future.