According to @CryptoMichNL, total altcoin market capitalization is approaching an all-time high and a breakout would be the trigger for a 'ballistic' altseason rally (source: @CryptoMichNL, X, Aug 22, 2025). He references Q4 2023 as the last major impulse when select altcoins achieved roughly 10x gains, framing the ATH breakout as the key confirmation for momentum to accelerate if it occurs (source: @CryptoMichNL, X, Aug 22, 2025).