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Redefining Altseason

According to 
@ki_young_ju
 (CEO of CryptoQuant), we need to rethink how we define Altseason. Previously, Altseason was often understood as the flow of money from Bitcoin to altcoins and the Bitcoin Dominance index was the main measure.

But the emergence of ETFs changed everything.
Bitcoin's cash flow is now "locked" in the ETF, meaning it no longer flows to altcoins like before.

So what is the new metric?

It is the trading volume of altcoins compared to the trading volume of Bitcoin.

Simply put:

Altseason is now driven by stablecoin holders moving to buy altcoins. No longer a direct migration from Bitcoin. Bitcoin has "decoupled" from the rest of the cryptocurrency market.
According to the CEO of CryptoQuant – one of the leading blockchain data analysts – we have just entered Altseason.