Recent survey data reveals growing investor optimism for an altcoin season this summer, particularly among South Korean investors. While Bitcoin remains dominant, a notable 36% of participants in a CoinNess and Cratos study anticipate the next altcoin rally to commence in Q3. These projections contrast with 22% who believe it might extend into Q4. Meanwhile, 16.7% believe the season has already begun, while 13.3% expect no significant price movement and 11.3% believe it’s concluded. Despite this anticipation, investor confidence remains cautiously positive; a large proportion (46%) express fear or extreme fear regarding market conditions, whereas 29% hold a neutral outlook. Only 24.7% harbor feelings of hope or extreme hope for the market. This highlights the prevailing uncertainty and volatility experienced in recent market fluctuations. However, Altcoin Season Index remains low at 16, a far cry from typical levels signaling an altcoin season beginning. The index’s low reading suggests Bitcoin continues to exert significant market dominance. Following a temporary dip due to President Trump’s tariffs, Bitcoin has regained its footing above $75,000, indicating potential for growth and recovery. As we enter early 2024 post-Bitcoin ETFs introduction, Bitcoin currently commands over 60% market share, while altcoins hold less than 40%. This disparity underscores the ongoing challenge for altcoins to gain traction and secure their position as a significant leader in the crypto market.