Is the Anticipation of Altseason Merely Optimistic Speculation? This Measure Suggests Yes

Analysts have been forecasting the advent of an altcoin season based on the price performance of Bitcoin (BTC) and Ether (ETH). But CryptoQuant market intelligence platform's analysts believe this could be merely hopeful thinking. The 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins metric needs to shift to a positive value for the narrative to change.

Currently, this metric is at -$36 billion, suggesting a lack of altcoin investors' activity. Analyst Burak Kesmeci asserts that until this metric returns to zero and turns positive, expectations of an altcoin season could be unrealistic. Despite this, experts maintain optimism, suggesting Ether’s next breakout or BTC's surge could trigger an altseason. However, CryptoQuant founder Ki Young Ju believes only a select few altcoins will rally, as this bull season's dynamics differ from past cycles.