CryptoQuant CEO Announces Beginning of Altcoin Season with Caution

According to CryptoQuant, an altcoin season may have begun as altcoin trading volume on Centralised Exchanges (CEXs) has surged. CEO Ki Young Ju highlighted that altcoins currently exceed Bitcoin's trading volume by 2.71x based on the 90-day Moving Average.

Key Points

Altcoin volume surpasses Bitcoin on CEXs.
Bitcoin Dominance (BTC.D) is no longer the main determinant for altcoin season.
Stablecoin holders are increasingly favoring altcoins over Bitcoin.
Not all altcoins may benefit from this rally; only those with strong utility and community support are likely to see significant gains.
A decline in BTC.D suggests a shift in market sentiment towards altcoins.

An analyst known as 'Alternative Bull' predicts a final market decline before a potential altcoin season, forecasting the altcoin season index will rise significantly by the end of 2025.

The current altcoin market cap is $280.5 billion, forming a Double Bottom pattern, which is typically a bullish indicator. The market aims to break out of this pattern and reach a valuation of $300 billion.