Glassnode co-founders Jan Happel and Yann Allemann have forecasted an imminent altcoin season, citing several macroeconomic and market indicators. Through their X account, Negentropic, they pointed to the end of quantitative tightening, a potential U.S.-China trade agreement, and a shift in capital from gold and money market funds as signs of a possible market turnaround. They suggest that the current market capitulation could precede a resurgence in the crypto market, particularly benefiting altcoins.