Santiment: Discussions about "altcoin season" on social media have dropped to extremely low levels, and historical data shows this usually signals an upcoming rebound.

BlockBeats News, on March 4, the crypto market analysis firm Santiment posted on social media stating that the current discussion about "altcoin season" on social media has dropped to a freezing point. However, historical experience shows that when market interest in altcoins falls to extremely low levels, it is often the eve of a rebound.

The chart shows the weekly mentions of "altcoin season" and the relationship with the price of speculative asset DOGE. "Altcoin season" is usually accompanied by FOMO sentiment and greed towards DOGE, Meme coins, or highly volatile small and mid-cap altcoins.

When the discussion about "altcoin season" is at its peak, it often corresponds to the market top; while when the topic is ignored, large funds usually start to quietly push up the price.

Santiment added that this is by no means a perfect trading signal, and market indifference towards altcoins does not necessarily mean an imminent explosion. But it is worth noting that the historical performance of this contrarian indicator is quite remarkable.