CryptoQuant founder: Bitcoin's capital rotation into altcoins has basically disappeared, and the logic of "alt season" may have changed
According to Odaily, Ki Young Ju, founder of CryptoQuant, stated that the phenomenon of capital rotation from Bitcoin to altcoins, which once fueled altcoin rallies, has basically disappeared.
He pointed out that since 2021, the trading volume of altcoins paired with BTC has shrunk significantly, and the structure of the market has changed considerably.
Ki Young Ju believes the era of "Bitcoin rises driving broad gains in altcoins" may have come to an end. In the future, altcoins may rely more on their own fundamentals, application scenarios, and independent capital inflows to drive price increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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