CryptoQuant CEO: This round of altcoin season lacks new liquidity, and only a few projects can stand out

CryptoQuant CEO Ki Young Ju wrote on X: "This altcoin season will be different from what you expect. It will be peculiar and challenging, and only a few projects will win the game. Market sentiment is good, but there is not much new liquidity. Bitcoin is breaking away from the crypto ecosystem. Bitcoin has established its own paper-based L2 ecosystem through ETFs, MSTRs, funds, etc. In this ecosystem, bridging to other altcoins is impossible. Altcoins used to move together based on their correlation with BTC, but this pattern has now been broken. Only a few altcoins are beginning to show independent trends as they attract new liquidity. Altcoins now have two options: create a paper-wrapped version like Bitcoin, and build a real Internet currency ecosystem using stablecoins or BTC. Altcoin investors should find a cryptocurrency that can achieve one of the two and hold it for the long term."