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 Different this time: 'Altcoin season' no longer driven by Bitcoin rotation — Analyst Cointelegraph 02 dic. 2024

Different this time: 'Altcoin season' no longer driven by Bitcoin rotation — Analyst 📈

CryptoQuant CEO Ki Young Ju has remarked on the evolving dynamics of the altcoin season. Traditionally, altcoin seasons were marked by capital rotation from Bitcoin into various altcoins. However, this trend seems to be shifting.

According to Ju, the present altcoin season is no longer driven by Bitcoin rotation. Instead, it is characterized by a surge in altcoin trading volume, particularly against stablecoin pairs.

This indicates a change in market behavior where traders and investors are focusing on altcoins independently of Bitcoin's movements.

Fuente: cointelegraph.com ↗

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