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Santiment: The discussion heat on social media about "Shanzhai Season" has dropped to an extremely low level. Historical data shows that this situation usually indicates an upcoming rebound.
On March 4th, cryptocurrency market analysis firm Santiment posted on social media that the current discussion about “Shanzhai Season” has dropped to an all-time low. However, historical experience shows that when market interest in altcoins reaches extreme lows, it is often the night before a rebound begins. The chart displays the weekly mention volume of “Shanzhai Season” alongside the price of DOGE, a representative speculative asset. “Shanzhai Season” is usually associated with FOMO and greed in the market for DOGE, meme coins, or high-volatility small-cap altcoins. When discussions about “Shanzhai Season” are hot, it often coincides with market tops; when related topics are ignored, large funds typically quietly start accumulating. Santiment added that this is not a perfect trading signal, and market indifference toward altcoins does not necessarily mean an imminent breakout. However, it is worth noting that this inverse indicator has shown remarkable historical performance.