According to ChainCatcher, CryptoQuant CEO Ki Young Ju wrote that Bitcoin's market share had previously fallen by 6% (of which XRP contributed 3%), but has now begun to recover. Currently, only a few altcoins are attracting new liquidity, and the scale of funds rotating from Bitcoin to altcoins is limited. Ki Young Ju believes that this is not a traditional altcoin season, but an independent market for individual tokens with outstanding performance.