Altcoin Season Is Here – But Not As Expected | Airdrop Alert Pro

According to CryptoQuant CEO Ki Young Ju, the long-awaited Altcoin season (ALT season) has arrived.

However, analysts say this is played through different rules, which is different from previous cycles driven by explicit Bitcoin-Arti capital rotation.

Analysts call Altcoin season – but not as expected

JU’s latest observations show Stablecoin holdersnot Bitcoin traders, but fuel-selective alternatives tokens, while market liquidity is still limited.

In a recent article about X (formerly Twitter), JU announced that the ALT season has begun, citing a sharp increase in Altcoin transaction volume. According to analysts, AltCoin trading volume is now 2.7 times that of Bitcoin. However, JU also noted that this is not based on a wide range of gatherings.

“It’s a very selective ALT season… There are only a few coins twitching. There’s no new liquidity, it feels like PvP is fighting on a fixed cast,” he Write.

This assertion is consistent with his earlier warnings. January, ki warn The Altcoin market is still a zero-sum game where capital flows between assets rather than seeing new inflows. In December, he also predicted that this ALT season will be “weird and challenging” with only selected assets.

“Altcoins used to move together based on their correlation with BTC, but this pattern has now broken down. Only a few people are starting to show independent trends when attracting new liquidity.” written.

Although some traders are excited, others still don’t believe it. User Robw on X questioned JU’s definition of ALT season.

“Some tokens are pumping, so it has to be Alt season? Normal metrics don’t work, but if you really choose carefully, it’s Alt season and doesn’t sound like Alt season,” Robw Challenged.

Similarly, deimosweb3 suggestion Although some altcoins perform well, the market has not yet entered the mature ALT season.

China’s fiscal transfers and crypto markets

Parallel discussions in crypto community involve recent China Financial exercises. Some people speculate that China’s economic policies can Inject liquidity Enter the global market and benefit cryptocurrencies.

However, analysts urged caution, pointing out that China did not inject new capital, but recalculated its M1 money supply to include demand deposits and advance funds.

“They didn’t inject new capital. They “recalculate” it includes other deposits and funds. There is no new print,” the user on x Express.

Local media confirm This shows that the country’s central bank, the People’s Bank of China, will include these elements starting from 2025.

Encryption and defi Researcher NFT Bear Highlight This change led to a 67.59% increase in M1 supply reported. However, he stressed that this does not mean that new liquidity hits financial markets.

Historical comparison with the US currency printing fanaticism in 2020 has also surfaced. At that time, the United States quickly increased its M1 money supply, exacerbating a 16-fold surge in Altcoin’s market value.

While China’s current actions vary, some traders speculate that even a small fraction of the new liquidity flowing into cryptocurrencies could trigger another bull.

“Whether this translates to another explosive crypto ensemble remains to be seen. But it’s certain that financial markets tend to attract attention when the world’s big economy injects liquidity (whether measured) and cryptocurrencies are often conversational Center.” NFT Bear said.

Despite uncertainty, some altcoins outperformed. picture Six (six),,,,, On (SUL),,,,, ZKSYNC (ZK)and stories (IP) have caught people’s attention and may send emerging narratives in the space.

Whether these gains are sustainable or a temporary surge in the fragmented market remains to be seen. Nevertheless, analysts agree that traditional Altcoin seasonal indicators are no longer applicable.

Crypto markets are changing, and Bitcoin acts as paper-based assets through ETFs (Exchange-traded funds) and institutional funds. Not the widespread BTC-to-alt Capital RotationAltCoins seems to be drawing out independent narratives and practicality to attract capital.