Callme Crypto 
The CEO of the analytics platform CryptoQuant, Ki Young Ju, explained the reasons behind the delay of the “altseason.” In his opinion, the current Bitcoin rally is largely driven by interest from institutional investors and activity surrounding spot ETFs.
“Institutional investors and ETF buyers do not intend to move their assets from Bitcoin to altcoins. Moreover, since they operate outside of cryptocurrency exchanges, asset rotation becomes inherently less feasible. While institutions may invest in major altcoins through ETFs or investment tools, smaller assets still rely on retail crypto investors” added Young Ju.
The CEO of CryptoQuant, Ki Young Ju, emphasized that for altcoins to reach a new all-time high in market capitalization, a significant influx of fresh capital into cryptocurrency exchanges will be required. According to him, the current market capitalization of altcoins remains below the previous peak level, indicating a decline in the volume of new liquidity.
The expert also noted that the revival of FOMO (fear of missing out) among retail investors could stimulate increased activity on cryptocurrency exchanges, which, in turn, “could create favorable conditions for the onset of the altcoin season.”
“Altcoins should focus on developing independent strategies to attract new capital, rather than relying on Bitcoin’s momentum” the analyst concluded.
Earlier, specialists at QCP Capital stated that the altseason will begin when Bitcoin’s market dominance drops below 58%.
