Deep Tide TechFlow news, on December 3rd, CryptoQuant CEO Ki Young Ju posted on X stating: “This altcoin season will be different from expectations. It will be peculiar and challenging, and only a few projects will win the race. Market sentiment is good, but there isn't much new liquidity. Bitcoin is distancing itself from the crypto ecosystem. Bitcoin has established its own paper-based L2 ecosystem through ETFs, MSTR, funds, etc. In this ecosystem, bridging to other altcoins is impossible.
In the past, altcoins moved in correlation with BTC, but this pattern has now been broken. Only a few altcoins are beginning to show independent trends when attracting new liquidity. Altcoins now have two options: to create a paper-wrapped version like Bitcoin, or to build a real internet currency ecosystem using stablecoins or BTC. Altcoin investors should find a cryptocurrency that can achieve one of the two and hold it for the long term.”