According to Trader Tardigrade, a perfect bullish chart pattern in the $Total 3 index suggests that an altseason is imminent, indicating strong upward momentum for altcoins (source: Trader Tardigrade, Twitter, May 16, 2025). This technical analysis highlights increased trading volume and buying interest across non-Bitcoin cryptocurrencies, which could present significant trading opportunities in the altcoin market. Traders are monitoring $Total 3 closely as it tracks the total market capitalization of all cryptocurrencies except Bitcoin and Ethereum, making it a key indicator for altcoin rallies.