CryptoQuant CEO Announces Alt Season Amid Liquidity Struggle, But There’s a Catch
The long-awaited alt season has arrived, according to CryptoQuant CEO Ki-Young Joo.
However, the analyst says this season follows a different set of rules, unlike previous cycles that were driven by clear capital rotations from Bitcoin to altcoins.
Analyst Predicts Alt Season — But Not as Expected
Joo’s latest observations suggest that stablecoin holders, not Bitcoin traders, are fueling selective altcoin gains as market liquidity remains tight.
In a recent post on X (formerly Twitter), Joo announced that alt season has begun, noting a sharp increase in altcoin trading volumes. According to the analyst, altcoin trading volumes are now 2.7x that of Bitcoin. However, Joo also noted that this is not a broad-based rally.
“It’s a very selective alt season… Only a few coins are going up. “With no new liquidity, it feels like a PvP battle over a fixed pie,” he wrote.