Altseason delayed due to lack of fresh retail capital — Ki Young Ju
Investors rotate into altcoins along a risk curve, starting with large-cap assets and eventually migrating into riskier low-cap coins.
CryptoQuant founder and CEO Ki Young Ju recently argued that altcoin season — a period of rapidly appreciating altcoin prices typically following a Bitcoin (BTC) bull market — will require new capital injections from retail traders to commence.
The quantitative analyst wrote that institutional money is already tied up within exchange-traded funds, and the institutional investors, who own crypto indirectly through investment vehicles, are unlikely to rotate gains from blue-chip assets like BTC or Ethereum (ETH) into altcoins. Ju wrote:
“Altcoins should focus on developing independent strategies to attract new capital rather than relying on Bitcoin’s momentum,” the analyst concluded while clarifying that he is still “bullish” on altcoins.
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Author: Vince Quill
