Is the crypto market already over saturated?

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Some people are saying that the crypto market is at a standstill because it is already over saturated. They opine that new money is not coming into the crypto world and that is why the Alt season is looking like it would never come.

Is the crypto market already saturated?
 
Referring to Coinmarketcap there is a fear and grudge showing the number 31 which means that currently the market is still showing negative sentiment, so you can use it to buy Bitcoin, also data on Coinmarketcap has not shown entering the altcoin season.
 
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