Altcoin Season Begins with Increased Trading Volume
The start of altcoin season is signaled by increased trading volume, indicating a shift in investor preference towards altcoins.
According to PANews, CryptoQuant CEO Ki Young Joo announced on February 21 that altcoin season has begun. While there is no direct flow from Bitcoin (BTC) to altcoins, stablecoin holders are showing a preference for altcoins. Altcoin trading volume is currently 2.7 times that of Bitcoin. Bitcoin’s dominance no longer dictates altcoin season; instead, trading volume is the main factor. However, this is a highly selective altcoin season, and investors are advised to do their own research (DYOR).
