What really drives altcoin seasons?
There are 5 main factors, according to a recent Cointelegraph post:
1. BTC price milestones / BTC.D
2. FOMO (from X, Reddit, Telegraph)
3. Macro: Liquidity + risk appetite
4. New narratives
5. Money flow (institutional & retail)
Watching the 10Y like everyone else. Note that w/ the Fed Funds Rate at 4-4.25 today, the yield curve is flattish. A move one way (inversing) or the other (further cuts) could really drive macro sentiment here.
Source:
https://cointelegraph.com/explained/what-really-drives-altcoin-seasons-a-closer-look