I wrote this in my article 'The Concept of Altseason Needs to Be Revisited'

There will be no altseason!

CryptoQuant analysts doubt the arrival of altseason against the backdrop of the current rise of Bitcoin to $100,000.

In their opinion, the audience of BTC buyers and the nature of capital inflow into the asset have changed in this cycle: the current rise is primarily driven by demand from institutional investors and spot ETFs.

Such holders do not intend to transfer their assets from Bitcoin to altcoins, so the liquidity of the latter is in question this time.