Santiment: Social media discussions about "Altseason" have dropped to an extremely low level, historical data shows that this situation usually precedes a rebound

BlockBeats News, March 4th, Crypto market analysis firm Santiment posted on social media today, stating that the current discussion about "Altseason" has cooled off significantly. However, historical experience shows that when market interest in altcoins drops to an extremely low level, it is often on the eve of a rebound.

The chart shows the weekly mentions of the term "Altseason" and its relationship with the price of the meme coin DOGE, a representative of speculative assets. "Altseason" is usually accompanied by market FOMO and greed for DOGE, meme coins, or high-volatility small to mid-cap altcoins.

When the discussion about "Altseason" reaches a peak, it often corresponds to the market top; and when the topic loses traction, large funds usually start accumulating quietly.

Santiment further stated that this is by no means a perfect trading signal, and market apathy towards altcoins does not necessarily mean an imminent breakout. However, it is worth noting that the historical performance of this contrarian indicator is quite impressive.