Why Isn’t the Altcoin Rally Just Getting Started? Is Bitcoin Obstacle? CryptoQuant CEO Announced One by One!

Bitcoin Even though there was a big rally going up to the 100 thousand dollar mark, altcoins could not perform as expected.

While most investors are still at a loss in altcoins CryptoQuant CEO’su Ki Young Ju, He explained why the altcoin rally was delayed.

Explaining why the altcoin season was delayed from account X, CryptoQuant CEO pointed out institutional investors as the reason for this.

Stating that the Bitcoin rally was driven by institutional investors and ETF buyers, Ju argued that institutional investors’ focus on Bitcoin delayed the expected altcoin season.

Because, according to the famous CEO, institutional investors and ETF buyers of their assets compared to retail investors BitcoinThey do not intend to buy from and convert them into altcoins.

Stating that institutional investors can invest in large altcoins through ETFs and experience a rise, Ju said that small altcoins lack ETF support and are still obliged to crypto exchange users.

CryptoQuant CEO said that there needs to be fresh capital inflow to the exchanges for altcoins to reach the new ATH.

Stating that altcoins should adopt independent strategies to attract new capital instead of waiting for Bitcoin’s upward momentum, Ju stated that the next wave of rise in Bitcoin is expected to come from institutional investors and ETF buyers.

“Why is the altcoin season delayed?

The nature of capital flowing into Bitcoin has changed in the last cycle. The current Bitcoin rally is primarily driven by demand from institutional investors and spot ETFs.

Unlike crypto exchange users, institutional investors and ETF buyers do not intend to rotate their assets from Bitcoin to altcoins.

For altcoins to reach a new ATH, they will need significant fresh capital inflows to crypto exchanges. The altcoin market cap being below its previous ATH indicates a decrease in fresh liquidity from new exchange users.

If Bitcoin retail FOMO reignites, exchange user activity could increase, potentially setting the stage for an altcoin season.

However, Bitcoin’s future growth is expected to come from ETFs, institutions, and perhaps governments rather than retail traders on crypto exchanges.

Therefore, altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoin’s momentum.”

Why is altcoin season delayed?

Compared to the last cycle, the nature of capital flowing into #Bitcoin has shifted. The current Bitcoin rally is primarily driven by demand from institutional investors and spot ETFs.

Unlike crypto exchange users, institutional investors and ETF… pic.twitter.com/dpDBCF0BTo

— Ki Young Ju (@ki_young_ju) November 27, 2024

*This is not investment advice.