Everyone is waiting for altcoin season since bitcoin broke $70k but we keep getting dump in market. Altcoins keep dipping instead of a pump.
There are various reasons for this but the major ones are memecoins grabbing all of the liquidity. Thousands of memecoins are created on daily basis on Solana , BNB and other chains.
These memecoins are absorbing the liquidity which is why we dont see any altseason now.
People must stop chasing altcoins if they want to see altcoin pumping.