It has taken few months to understand: you have much higher potential to earn money, if you select the overpriced ghost chains (or the ones which are still releasing huge % of tokens every month) and just short them.
And... basically that's a significant reason why altcoins don't (fake) pump. There is huge shorts out there, even in BTC, so alts too. money flow in negative everywhere.
- crypto space getting more adult, they won't insanely overprice the zombiechains (or how the hell they call them nowadays?) anymore.
the pure gambling money goes to memes, how most of crypto newbies met with memes first, after a bad experience (90%+ lose money), they think, all the rest is the same, max. community token nonsense so they leave. And most of the other real projects just can't reach new people outside from crypto space. look Hive, hardly can find anything, what at least would try reaching new users.
and generally about the 'alt-season' - personally find it nonsense and not existing at all -, in the past alts peaked just 1-2 months after BTC top. counting in btc is different, especially with etfs, not really worthy to compare to btc or previous circles. and the money what enters in btc etfs, never, NEVER!!! will go to alts (except the few bigger, well known ones). also eth start to get there with the eth etf buy the news event.