“Serious” question, what if no “Alt Season” were to occur, what would that imply?

Even though I'm top heavy in terms of my Bitcoin allocation, I still hold a smathering of alts, and an assortment of memes/shitcoins.

With the 4 year "run" seemingly doing pretty well for Bitcoin, the rest of the market is patiently waiting for the gains to trickle down… but what if it doesn't happen?

Would it "matter" if ETH didn't touch it's previous ATH like it did in december '21? Or ADA hitting it around september that year?

I'm genuinely curious to hear your thoughts as i can vividly remember feeling very differently around this time last run… or that may just be me remembering incorrectly as most alts had some pretty severe dips during '21 as well.

Still the question remains. What if… what if we won't see other major alts run up as well?