According to Odaily, CryptoQuant CEO Ki Young Ju recently shared insights on X, emphasizing a significant shift in the dynamics of the altcoin market. He noted that the traditional concept of 'altcoin season,' which was previously defined by asset rotation from Bitcoin, is no longer applicable. Instead, the surge in altcoin trading volume is now driven by stablecoin and fiat currency pairs rather than Bitcoin trading pairs.
This change indicates actual market growth rather than mere asset rotation, suggesting a more substantial and sustainable development within the altcoin sector. Ki Young Ju highlighted that the liquidity provided by stablecoins offers a better explanation for the current state of the altcoin market. This shift underscores the evolving nature of cryptocurrency trading, where stablecoins play a pivotal role in facilitating transactions and enhancing market liquidity.
The insights from Ki Young Ju reflect a broader trend in the cryptocurrency industry, where stablecoins are increasingly becoming a cornerstone of trading activities. Their ability to provide stability and liquidity is reshaping how traders and investors engage with altcoins, marking a departure from the previous reliance on Bitcoin as the primary driver of altcoin market movements.
