There is barely any retail interest this time around.

ETFS now total 1.6 million bitcoins across 14 countries. Now, add to this all the public and private companies, gov and the like, we are up to 3.7 million bitcoin that is now in the hands of institutions, up 1.5% over last month, and of course these institutions trade during work hours and almost always OTC.

This means just under 20% of current btc supply is now institutional, if you don't account for lost coins and other stuff like satoshis coins.

I have observed that btc price fluctuates mostly during US trading hours and exchange trading volumes are now what they used to be.

Binance has less than 2b of trading volume, this is lower than what it used to be in 2020.

People keep asking about alt season, but the reality is, there is not much retail money flowing into exchanges like it has in the past and your big institutions are not buying your peepeepoopoo coin.

I personally think there will never be an alt season, there is not a lot of retail money, and stuff like pumpfun has absolutely destroyed the trust people have with quick pump and dumps. Combine this with celebs draining little money retail has.

Most altcoins excluding top 10 are literally at the lowest level they have been and if you think you can just hold them and make it all back during the alt season, its just not going to happen.