I think the next wave will be the last rise before entering the next bearish market. Altseason 1.0 and 2.0 have occured with soaring BTC price, which means altseasons have never happend without BTC rising.
The QT(Quantitative Tightening) will end since 1st December. More rate cuts are coming. The U.S. Unemployment Rate is increasing and will likely surpass 4.5% soon. Global liquidity will explode again.
For now, as a retail investor, I can wait more. I deserve to be rich again. My friend and acquaintances left the crypto market a few weeks ago. The time is coming..