Deep Tide TechFlow News, on January 10, CryptoQuant CEO Ki Young Ju pointed out that although the market capitalization of Bitcoin has doubled, the total market capitalization of altcoins has not yet surpassed its historical high, and the market is in a zero-sum game state. Currently, the altcoin market mainly relies on internal fund rotation, lacking new capital inflows, and it is expected that only a few projects with strong application scenarios and market narratives will survive in this cycle.