Odaily Planet Daily reported that Ki Young Ju, founder and CEO of CryptoQuant, recently stated that the altcoin season (a period when altcoin prices rise rapidly following a Bitcoin bull market) will require retail traders to inject new funds. He pointed out that institutional funds have been tied up by ETFs, and institutional investors who indirectly own cryptocurrencies through investment vehicles are unlikely to transfer the gains from blue-chip assets like BTC or ETH to altcoins. Ju wrote: "For altcoins to reach a new historical market cap high, a significant amount of new capital must flow into cryptocurrency exchanges. The lower market cap of altcoins compared to previous historical highs indicates a decrease in liquidity from new exchange users." "Altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoin's momentum," the analyst concluded, while clarifying that he still remains "optimistic" about altcoins. (Cointelegraph)