Alt season is here, CryptoQuant CEO says

The CEO of cryptocurrency, says that the long -awaited Altcoin season began, but it is defined by the commercial volume – not the passage of the capital of Bitcoin in Altcoins.

According to Ki Young Ju, CEO and founder of cryptocurrency, the Altcoin season officially started. However, it is not because the capital went from Bitcoin to Altcoins. Instead, stable Holders are now the main drivers of interest in Altcoins. Ju noted This volume of Altcoin Cex trading is currently 2.7 times that of Bitcoin, declaring that “the domination of the BTC no longer defines the Alt season – the volume of frame.”

The conventional point of view indicates that the Altcoin season begins when the dominance of Bitcoin decreases, the capital flowing in Altcoins accordingly. THE CMC Altcoin season index Trace that the market is in the Altcoin or Bitcoin season by comparing the performance of the 100 best cryptocurrencies in the last 90 days. When 75% or more of these altcoins surpass bitcoin, the market is considered in the Altcoin season. However, the CMC index is 29 years at the time of writing the editorial time, indicating that we are still very during the Bitcoin season.

The whispers about the imminent Altcoin season began when the CMC Altcoin season index reached 64 years in December 2024. In addition, the so-called “January effect” generally increases an increase in the activity of Altcoin. However, the index has not increased much since the beginning of January, remaining just more than 40 and now falls to 29.

The delay in the Altcoin season Perhaps the result of the growing number of new launches on the market. Bobby NGO, co-founder of Coingecko, note More than 600,000 tokens were created in January only, distributing thin liquidity in a growing asset basin. This saturation affected Altcoin performanceBecause investors actively move their capital between a wide range of new tokens.

That said, the wait seems to be over, at least according to Ki Young Ju, although he warns that it is a “very selective Alt season”, urging investors to Dyor.