The crypto market might be nearing the long-anticipated altcoin season, but the dynamics have shifted, says CryptoQuant CEO Ki Young Ju. Traditionally, altseason was marked by capital moving from Bitcoin to altcoins. Now, it's driven by altcoin trading volumes against stablecoins and fiat, not Bitcoin. This shift suggests a more sustainable market growth, fueled by stablecoin liquidity. Despite Bitcoin's consolidation, altcoins like XRP and Solana are nearing all-time highs. The altcoin season index shows 73% of top altcoins outperforming Bitcoin, hinting at an imminent altseason. Keep an eye on stablecoin liquidity and Bitcoin dominance for further clues.