ChainCatcher message, CryptoQuant CEO Ki Young Ju stated on his social platform, "The altcoin market is currently in a zero-sum PvP (player versus player) game. Although Bitcoin's market capitalization has doubled, the total market cap of altcoins is still below previous historical highs, merely rotating within the market without new capital inflow. Only a few altcoins with strong use cases and narratives will be able to survive."