According to PANews, CryptoQuant founder Ki Young Ju pointed out that Bitcoin's dominance rate recently fell by 6%, of which XRP accounted for 3% of the contribution, and the dominance rate is now recovering.

He said that only a few altcoins attracted new liquidity, and the rotation of BTC to altcoins was limited. This was not a "altcoin season" in the traditional sense, but more like a season for individual altcoins with outstanding performance.