Despite high expectations for an altcoin season this year, it failed to materialize. However, some believe that 2026 could be the turning point. This article analyzes key indicators suggesting a potential altcoin rally in the future. Why didn’t we see an altcoin season in 2025? Market conditions shifted from bullish to bearish in August after Bitcoin dominance dropped sharply and threat of tariff wars emerged. Despite this, some altcoins experienced solid demand during Q3, but it wasn’t enough to trigger a full-fledged altcoin season. Now, with market recovery underway, investors are looking at potential signals: the Altcoin/Bitcoin chart shows signs that prices may be approaching a key support level and could signal a breakout. The altcoin season index also reveals market favoritism towards Bitcoin while hinting at favorable timing for an altcoin rally. Key indicators to watch for include increased accumulation by top holders, including whales, as well as top altcoins surpassing Bitcoin in key metrics such as volume and ETF inflows. A major catalyst could be the arrival of new liquidity flows from rate cuts and the end of quantitative tightening, potentially creating a risk-on sentiment that favors altcoins. If these factors align, we may see a significant surge in the altcoin market.