We can say alt seasons started when we see hot Money flow to crypto market from outside. We see many big amounts of USDT transfers from wallets to exchanges but still we only see green candles at specific coins.
We can call it alt season when we start to see green candles at most of the coins at the market. New users and hot money will bring the alt seasons and we will again start to talk about lambos 😊
Yes we are still too far from the altcoin season as I don't see any green marks against even the top ten altcoins and this would be possible only if bitcoin goes wild which might have positive affects on other altcoins but the way it works for altcoins is simple, the market reaches peak and when the price slightly starts to fall the users just shift their fund to Bitcoin or convert it to USDT nowadays which is the reason why we don't see altcoin pump even if Bitcoin's value increases which was not the case in the past. Altcoins need to go through a market saturation in order to standout and pool in more investment.