CryptoRank: Why altseason never started Analysts say the classic altseason broke down due to market structure changes: liquidity is spread across millions of tokens, narratives rotate too fast, and most alts are still 40–50% below ATHs. Retail money moved from alts to memecoins, then to derivatives and prediction markets, while institutions focus on a few large assets via ETFs. High FDV and upcoming unlocks keep extra pressure on altcoins Altseason didn’t disappear - it got diluted Very clear analysis