It is bigger than in the previous cycles, but so is the number of altcoins. Ridiculously bigger. This is flaw in reasoning that comes from a lack of knowledge about numbers. If liquidity was 100 and there were 20 altcoins, that is 5 units of liquidity per altcoin. If liquidity has increased a lot, to 1000, but now there are 2000 altcoins that is 0.5 units of liquidity per altcoin. While liquidity increased tremendously, the fragmentation diminished its potential effects and the new situation is much worse than the previous one. What should be considered when looking at this is the liquidity per number of altcoin.
While there will always be individual extreme winners, factoring in the number of existing tokens, they can be considered similar to lottery winners.
I am pretty sure people could focus that amount into good ones and ignore the bad ones. So while the number of shitcoins is a lot more, we could also safely assume that the money grew and that money will not go to shitcoins mostly, it would go to top names. So, we can safely assume that altcoin season will happen soon. Will it be bigger than 2017? Or anyone before? I am not sure, we can never be sure, there is no reason to be sure about any of these.
But we can safely be certain that it is going to be a big one, and we can make some great profit from it. When we are capable of doing that then we are going to get a good result, so we need to get a greater result for this and we need to just make that much money and we should hold, because it will be a huge one when it happens.