CryptoQuant CEO Ki Young Ju reports the beginning of a new altseason, buoyed by stablecoin holders. This shift is marked by a sharp increase in altcoin trading volumes, now approximately 2.7 times higher than Bitcoin's.
Rise in Altcoin Trading Volume
According to Ki Young Ju, altcoin trading volumes are currently 2.7 times higher than Bitcoin trading volumes. This indicates a paradigm shift: Bitcoin dominance no longer defines the start of altseason—trading volume does.
Stablecoin Market Dynamics
Stablecoin market capitalizations increased sharply after Donald Trump’s presidential election win. Citi, an investment bank, expects continued adoption of stablecoins to propel digital asset performance in 2025, particularly for altcoins.
Institutional Adoption and Market Impact
Institutional adoption of Bitcoin has had reverberations throughout the broader crypto market. U.S. Bitcoin ETFs broke $100 billion in holdings, while public companies have collectively bought over $60 billion worth of Bitcoin, largely as inflation hedge.
The ongoing altseason is characterized by new dynamics where stablecoins and institutional inflows play a key role. Meanwhile, only a few altcoins are starting to show independent trends as they attract new liquidity.
