According to Cas Abbé on X, there has never been an AltSeason without liquidity expansion, making liquidity the key catalyst for broad altcoin rallies (Source: Cas Abbé on X). According to Cas Abbé on X, current conditions of business stress, job losses, and depleted savings are incompatible with an altcoin bull phase, implying constrained upside for alts near term (Source: Cas Abbé on X). According to Cas Abbé on X, the top 50 altcoins account for over 90 percent of combined altcoin market cap, indicating limited dilution and explaining weak market breadth in alts (Source: Cas Abbé on X). According to Cas Abbé on X, once liquidity returns, the same major altcoins are expected to lead parabolic moves, so traders should focus on liquidity triggers rather than blaming PumpFun or VCs (Source: Cas Abbé on X).