CryptoQuant founder and CEO Ki Young Ju recently stated that the altcoin season (a period when altcoin prices rise sharply after a Bitcoin bull market) will require retail traders to inject new capital. He pointed out that institutional funds are already tied up in ETFs, and institutional investors who indirectly own cryptocurrencies through investment vehicles are unlikely to transfer profits from blue-chip assets like BTC or ETH to altcoins. Ju wrote: "For altcoins to reach new all-time high market values, a significant amount of new capital must flow into cryptocurrency exchanges. The lower market capitalization of altcoins compared to previous all-time 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 remains "optimistic" about altcoins. (Cointelegraph)
