Summary
- A CryptoQuant analyst claimed that the "altcoin bull market" has not arrived yet.
- He stated that during the previous cycle, the altcoin market capitalization rose by about 1300%.
- He also mentioned that if inflows from spot ETFs and institutions continue, the bull market could last beyond this year.
A claim has been made that the altcoin bull market has not arrived yet.
On the 2nd (local time), a CryptoQuant analyst called Crypto Dan stated on X (formerly Twitter), "The altcoin season still hasn't come during this bull cycle," adding, "In the last cycle, the total altcoin market capitalization surged by about 1300%." He went on to say, "When the altcoin season arrives, it can be seen as the end of the upward cycle."
However, he also mentioned the possibility that the upward cycle could continue. He said, "If the current cycle is extended by the inflow of spot Exchange-Traded Funds (ETFs) and institutions, the bull market could even last beyond this year."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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