1) Weakness from index assets (BTC, ETH) limit the native wealth effects needed to fuel this "alt szn" move meaningfully higher across the board 2) No major liquid fund inflows i'm aware of Need DAT premia continuation and or ongoing trad ETF bid to make this reminiscent of past alt seasons given current valuations, quantity of assets, and supply overhangs IMO. Note: I'm still bullish.(DeFiyst)