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CryptoQuant CEO Urges Altcoins to Reduce Reliance on Bitcoin
The post CryptoQuant CEO Urges Altcoins to Reduce Reliance on Bitcoin appeared on BitcoinEthereumNews.com. The current market is arguably experiencing a major shift as the current Bitcoin rally is fundamentally bullish due to institutional investors. Ki Young Ju, the CEO of CryptoQuant, has urged altcoins (alts) to cease using Bitcoin’s rally to their advantage and come up with proper signals to attract new capital. Since altcoins’ total market cap has not reclaimed its previous all-time high, new liquidity is essential to boost the altcoin market and set new records. source: X Bitcoin’s Rally Led by Institutional Demand Bitcoin’s current rally stands in stark contrast to the retail-driven speculation cycles of the past. Currently, institutional investors and spot ETFs control the capital flow, thus driving Bitcoin’s price. – Advertisement – These investors, operating outside traditional cryptocurrency exchanges, often focus on long-term holdings rather than short-term trading, making them less likely to rotate their capital into alts. This shift has threatened the future of small alts that have long depended on exchange retail liquidity for their gains. While Bitcoin enjoys funded institutional support, which keeps its price relatively stable, altcoins continue to survive on the thin retail investor base for trading activity. Ki Young Ju, the CEO of CryptoQuant, pointed out that for altcoins to sustainably rebound, the new capital must flow in through exchange trading activity, potentially due to the trigger of FOMO by retail investors. – Advertisement – Even though institutional investors can invest in major altcoins using ETFs or other products, minor altcoins cannot attract such funding. Without increased capital inflows from exchange users, altcoins will remain far from their previous market highs, limiting their ability to participate in the broader crypto market rally. Altcoin Market Faces Liquidity and Saturation Challenges The cryptocurrency market capitalization also declined to $3.15 trillion and has since been recovering to reach $3.22 trillion due to buyers’ sentiments. However, despite…
The post CryptoQuant CEO Urges Altcoins to Reduce Reliance on Bitcoin appeared on BitcoinEthereumNews.com.
The current market is arguably experiencing a major shift as the current Bitcoin rally is fundamentally bullish due to institutional investors. Ki Young Ju, the CEO of CryptoQuant, has urged altcoins (alts) to cease using Bitcoin’s rally to their advantage and come up with proper signals to attract new capital. Since altcoins’ total market cap has not reclaimed its previous all-time high, new liquidity is essential to boost the altcoin market and set new records. source: X Bitcoin’s Rally Led by Institutional Demand Bitcoin’s current rally stands in stark contrast to the retail-driven speculation cycles of the past. Currently, institutional investors and spot ETFs control the capital flow, thus driving Bitcoin’s price. – Advertisement – These investors, operating outside traditional cryptocurrency exchanges, often focus on long-term holdings rather than short-term trading, making them less likely to rotate their capital into alts. This shift has threatened the future of small alts that have long depended on exchange retail liquidity for their gains. While Bitcoin enjoys funded institutional support, which keeps its price relatively stable, altcoins continue to survive on the thin retail investor base for trading activity. Ki Young Ju, the CEO of CryptoQuant, pointed out that for altcoins to sustainably rebound, the new capital must flow in through exchange trading activity, potentially due to the trigger of FOMO by retail investors. – Advertisement – Even though institutional investors can invest in major altcoins using ETFs or other products, minor altcoins cannot attract such funding. Without increased capital inflows from exchange users, altcoins will remain far from their previous market highs, limiting their ability to participate in the broader crypto market rally. Altcoin Market Faces Liquidity and Saturation Challenges The cryptocurrency market capitalization also declined to $3.15 trillion and has since been recovering to reach $3.22 trillion due to buyers’ sentiments. However, despite…
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