Deribit Executive: The Altcoin Season Has Not Yet Arrived, Market Still Awaits Activity

According to news from HashKey, Deribit's Chief Business Officer Jean-David Péquignot pointed out that although macroeconomic favorable factors such as China's stimulus policies and the potential interest rate cuts from the Federal Reserve have emitted positive signals, increasing market liquidity and attracting venture capital flows, the altcoin season has still not arrived. The current market still lacks sufficient trading volume and strong growth momentum. Although Ethereum's recent surge is viewed as a potential signal of market change, it is not enough to trigger a full-blown altcoin season. Currently, the CoinMarketCap Altcoin Season Index stands at 44, far below the critical level of 75. Bitcoin continues to dominate the market, with its share remaining at 58%.