Q1 might be hiding a wave of opportunities.

Recently, the new SEC chairman, Paul S. Atkins, hinted on CNBC that the long-awaited innovative exemption framework could be officially released within about a month. Previously, it was delayed due to the government shutdown, but now that operations have resumed, the regulators are clearly adjusting their stance and are no longer taking such a hardline attitude against crypto.

Atkins also specifically mentioned that a series of new policies will be implemented in the first quarter, aimed at improving the regulatory environment for crypto assets. This pace feels familiar—topics like public chain ETFs and altcoin compliance might really be set in motion.

The intention behind this US policy relaxation is quite clear. The altcoin sector may be about to experience a rebound window. While I can't say for sure that altcoin season will return, the probability of a short-term rally is not low.

Altcoins have indeed fallen badly—many assets are so oversold that they're being ignored. Precisely because of this, the next couple of months are more of an observation period; when most people are on the sidelines or pessimistic, that's often the best time to allocate. By the time everyone is calling for a rally, that may be the signal to exit.

The market always works like this: at the end of collective panic often lies a turning point; at the peak of collective frenzy, risk usually follows. If Q1 policy moves really materialize, those forgotten assets might perform differently.