🚀 The altcoin season is approaching! In the world of cryptocurrencies, an on-chain data analysis suggests that we might be on the verge of an "altcoin season" 📊. This is due to the relationship between stablecoin inflows to exchanges and Bitcoin (BTC) withdrawals in USD value, which may indicate potential purchasing power for altcoins 💸.

Event analysis For an altcoin season to occur, three conditions are needed:

Excess capital: when the total flow of stablecoins entering exchanges exceeds the dollar value of BTC withdrawn.

Market sentiment: the influx of capital into conventional assets, such as BTC and ETH.

Liquidity shift: the positive momentum in the dispersion of altcoin market capitalization.

Currently, only the second condition is being met, suggesting that while there is a foundation for an altcoin season, liquidity remains concentrated in conventional assets, particularly in BTC. However, the narrowing of the negative excess in the first condition is a positive sign, indicating that an altcoin season may still be on the horizon, although it may require patience 🕰️. #cryptocurrencies #altcoins #investments $BTC $ETH $XRP