Here's what I noticed recently — almost no one mentions the word "altseason" on social media anymore. It sounds strange, but such silence might be the strongest bullish signal at the moment.

Data from analytical services show that the weekly mentions of the term "altseason" have dropped to a two-year low at least. And this is not just a number — it reflects how retail investors' greed has disappeared. When everyone is shouting about altseason, it usually means the peak is already behind us. When everyone is silent, big players historically start accumulating.

Let's look at the facts. Altcoins have indeed suffered significantly. DOGE has fallen about 75% from its cycle peak, SOL lost over 60%, ADA decreased by 70%. Capital has shifted into Bitcoin and stablecoins, leaving low-cap tokens aside. For those holding alts through this decline, there’s simply nothing to rejoice about.

But here’s what’s interesting. The fear and greed index fluctuated between "fear" and "extreme fear" for most of February and March. Google Trends for queries like "best cryptocurrencies to buy" remains almost at zero. This means retail investors' interest has completely evaporated — even for Bitcoin, let alone riskier assets. Such a lack of greed in the market is rare.

However, on the blockchain, the picture is quite different. The number of Bitcoin wallets with a balance over 100 BTC approached 20,000 by the end of February. Large investors are clearly accumulating on the dip. It’s a classic pattern: retail traders lose faith and exit, while whales quietly fill their positions.

But it’s not that simple. The conflict in Iran continues to put pressure on financial markets worldwide. For altcoins to truly turn around, Bitcoin stabilization is needed first. Conditions for a full-fledged altseason are not yet ripe, but market psychology is already changing. When greed completely disappears from the narrative, it often precedes the next wave.

Regarding specific coins — XRP is growing amid high volume and accumulation by whales, although it remains in a broader downward trend. The integration of XRP into a payment app for tens of millions of users is a real step toward mass adoption, not just a speculative story. This is something worth paying attention to.