Bitcoin broke through $120,000 on July 14, setting a new high. When will the alt season that retail investors are most concerned about come?

Let's take a look at the market situation from multiple perspectives:

Mainstream: BTC stagnates, ETH rises, the ETH/BTC exchange rate rebounds, indicating that funds are starting to flow out of BTC.

PUMP: The public offering of Pump was sold out in 12 minutes with 600 million chips, and instead of falling at the opening, it rose, indicating that there is capital in the market waiting for the right opportunity to enter.

BONK: The leading Chinese token Wangchai with a market cap of 16M remains high, igniting the popularity of Chinese narrative tokens.

Old money club: Several official accounts changed to fat penguin avatars, Pengu price takes off.

On-chain data: On-chain interaction data from multiple altchains (such as Solana and Base) has significantly increased, with active funds rising.

KOL Trends: Major KOLs on Twitter frequently calling out small market cap projects

Federal Reserve: U.S. inflation data has eased, and there is a strong expectation of interest rate cuts, leading to a period of prosperity in the future.

So, do you think the alt season has arrived? #山寨季何时到来？#