‘Alt Season Has Begun,’ Expert Says, But Will Ethereum, XRP, Solana Benefit?

CryptoQuant CEO Ki Young Ju has confirmed that altcoin season has officially started, but he notes a major shift in market behavior compared to previous cycles.

What Happened: In a post on X on Friday, Ju stated, “Alt season has begun. No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC.”

Unlike past alt seasons where Bitcoin (CRYPTO: BTC) dominance dictated capital flow into alternative cryptocurrencies, Ju argues that trading volume has now become the defining metric.

This shift highlights the increasing role of stablecoin liquidity in driving altcoin markets, rather than capital rotation from Bitcoin.

Ju points out that Bitcoin’s function within the crypto ecosystem …

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