CryptoQuant CEO: The arrival of the Altcoin season requires retail investors to inject new funds

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ODAILY
11-28
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Odaily Planet Daily Report: CryptoQuant founder and CEO Ki Young Ju recently stated that the season (the period when prices rise rapidly after a Bitcoin bull market) will require the injection of new funds from retail traders. He pointed out that institutional funds have been constrained by ETFs, and institutional investors who indirectly own cryptocurrencies through investment tools are unlikely to transfer the returns of blue-chip assets like or to . Ju wrote: "For to reach a new all-time high market capitalization, a large influx of new capital into cryptocurrency exchanges is needed. The market capitalization being lower than its previous all-time high indicates a decrease in liquidity from new exchange users." "Altcoins should focus on developing independent strategies to attract new capital, rather than relying on the momentum of Bitcoin," the analyst concluded, while clarifying that he remains "bullish" on . (Cointelegraph)

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