What is the Shanzhai Season? 2017 bull market 2021 bull market Late 2022 to early 2023 The period from the end of 2023 to the beginning of 2024 is included, but since the beginning of 2024 (when Bitcoin was priced at $70,000), only Bitcoin has risen, with the increase reaching a peak of less than 100%. Due to the expansion of altcoins, liquidity is concentrated on BTC, and more importantly, the potential for price increases is also shrinking. This has resulted in a "on-chain meme season" rather than an "altcoin season." If BTC were to rise from $70,000 to $300,000 now, I think it would be fair to call it the low point of the altcoin season. The altcoin season only exists because BTC has sufficient expected price increases, but do you think Bitcoin will create enough room for growth? For a considerable period of time to come, there won't be a "knock-off season," only on-chain meme hotspot season."