Recently, people keep asking me whether it's still possible to jump into altcoins now. Honestly, this timing is quite delicate.

From my observations, the market has already shown some clear signs. The wave of futures liquidation in mid-October wiped out a lot of funds that chased high positions. Checking on-chain data reveals that the current holdings structure of altcoins is much lighter than before—retail investors' chips have been significantly released, making it easier for major players to push prices. This "shakeout and buildup" state typically appears before market rallies in previous years.

Another point worth noting is the timing window. The end of the year is quite special; project teams are pushing financial reports, institutions are preparing for annual performance evaluations, and this "year-end sprint" momentum happens every year. Last year, the same phase marked the beginning of a buildup. While it’s not a perfect analogy, this pattern still offers some reference value.

What’s more interesting is market sentiment. Currently, nine out of ten people are wary of spot trading in altcoins, feeling the risks are too high to touch. But looking back at 2021 and 2023, just before those two altcoin seasons started, the market sentiment was similar—when most people were panicking and watching cautiously, it often signaled a window of opportunity.

Of course, talking about opportunities doesn’t mean blindly rushing in. My own approach is to start with small positions to test the waters, never to bet everything at once; focus on projects with real use cases and active ecosystems—avoid those driven purely by hype; set clear take-profit points and sell in batches when reached—don’t expect to capture all the profits.

If you’re also researching this market cycle, I recommend paying close attention to capital flows and on-chain token distribution, as these data points often tell more than candlestick charts. As for specific targets, I’ve been tracking a few projects with solid real-world applications recently, but choosing coins still depends on your own risk tolerance.