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【Ki Young Ju: The Capital Rotation from Bitcoin to Altcoins Has Essentially Disappeared】
CryptoQuant founder Ki Young Ju said that the Bitcoin-to-altcoin capital rotation phenomenon that drives altcoin market rallies has basically disappeared. Since 2021, altcoin trading volumes using BTC as the trading pair have declined significantly. The era in which Bitcoin’s rise led to a broad-based rally across altcoins has ended. In the future, altcoins will rely on their own fundamentals, application scenarios, and independent capital inflows to drive growth.