CryptoQuant Founder: The Era of Altcoins Rising with Bitcoin May Be Over

On June 20, Ki Young Ju, the founder of CryptoQuant, stated on social media that the previous trend of 'Bitcoin rotating into altcoin assets' that drove altcoin seasons has essentially disappeared. Since 2021, the trading volume of altcoins against BTC has significantly declined. He believes that the era where 'altcoins rise simply because of Bitcoin's increase' may have come to an end.