Degen

Ki Young Ju, CEO of CryptoQuant, announced that the long-awaited altcoin season has begun, but unlike previous cycles, this time it will be played by different rules.

According to his analysis, altcoin trading volume is now 2.7 times that of Bitcoin (BTC), but the growth has been very selective, with only a limited number of cryptocurrencies gaining ground.

“Without fresh liquidity, it’s more like a competition for a fixed share,” he wrote in a post on social media platform X.

Ju had previously warned in January that the altcoin market was still a zero-sum game, and in December he predicted that this season would be strange and challenging.

Analysts believe that the traditional pattern of altcoins’ correlation with Bitcoin has been broken, and cryptocurrencies are looking for independent trends and specific applications to attract capital.