A recent survey of over 2,000 Korean crypto investors has revealed a shift in market sentiment, with a growing expectation for an altcoin rally. While many anticipate Bitcoin price stability this week, a majority (36%) see Q3 as the potential start of a significant altcoin season. This belief stems from the anticipation of continued growth in DeFi applications and increased institutional investments. Despite recent struggles with altcoins, investors remain optimistic about a rebound, potentially starting as early as this quarter. 46% of respondents expressed fear or extreme fear, while only 29.3% were neutral or optimistic. The overall market still exhibits nervousness despite the improved outlook on prices. This sentiment is further reflected by the Altcoin Season Index, which currently sits at just 16—significantly below the threshold for a full-fledged altseason to begin. Bitcoin’s dominance in the market continues with over 60% share as it maintains above $87,000 despite recent volatility, while altcoins remain below 40%. Crypto analyst Altcoin Gordon believes that various indicators are pointing towards a major bull market, hinting at an impending altcoin season.