Crypto CEO Calls The Start Of The Altcoin Season With A Caveat
According to CryptoQuant, the long-awaited Altcoin season may have officially arrived. CEO of cryptocurrency market company Ki Young Ju points out the surge in Altcoin volume Centralized communication (CEXS).
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CryptoQuant CEO says Altcoin season has begun
Detailed price chart of Bitcoin to Altcoins volume ratio on CEXS, JU public The transaction volume of this alternative token is significantly higher than that of BTC. Unlike previous bull cycles, Bitcoin Advantage (BTC.D) is no longer the only factor in determining the start of the Altcoin season. Some analysts even show that the Altcoin season is No longer rely on Bitcoin advantages.
Typically, in the past Altcoin season, investors and holders have spun profits between Bitcoin and Altcoins. this time, Crypto CEO Shows that even Stablecoin holders will move the market instead of BTC preferring altcoins and going straight to the position.
Yu’s chart shows that the amount of AltCoin on CEXS has exceeded 2.71 times based on the 90-day moving average (MA). Despite this increase, the crypto CEO warns Rally will follow Altcoin season It will be selective and not all altcoins will benefit.
During the last Bull Run, the same event occurred, with only the most prominent coins, with proper practicality, strong community and grand narratives, surged. On the other hand, the low-summit coins have experienced an increase, but are not as explosive as those recorded in coins such as Solana, Cardano, etc.
According to YU’s analysis, Bitcoin’s dominance no longer defines the Altcoin season. On the contrary, the transaction volume is indeed the case. Historically, The rise of BTC.D Because the market is more interested in Bitcoin, it is regarded as a deterrent to the Altcoin season. on the contrary, Bitcoin’s advantage declines This indicates the market’s emotional shift towards Altcoins, which indicates the onset of Altcoin season.
Analysts predict final market decline ahead of alternative season
Although the start of the Altcoin season can alleviate the current Bearish pressure on altcoins In the market, uncertainty still exists in whether this highly anticipated and frequent historical trend will occur during this bull cycle.
Crypto analyst identified as “alternative bull” projection The final drop before the potential start of the Altcoin season. Analysts predict that the AltCoin seasonal index chart will drop sharply before soaring towards 90 thresholds by the end of 2025, as shown.
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at present, Altcoin Market Valueowns US$280.5 billion, has Complete The second part of its previously formed double bottom pattern. This unique technical model is often seen as a bullish indicator, indicating a potential reversal from decline to upward trend. According to Rekt Capital on X, Altcoin’s market cap is trying to get rid of this pattern and launch a bullish valuation, a bullish move.
Featured images from Reddit, charts from TradingView
