CryptoQuant CEO, Ki Young Ju, has observed a significant surge in altcoin volume on Centralised Exchanges (CEXs), indicating the start of an altcoin season.
Unlike previous bull market cycles, the altcoin season no longer depends solely on Bitcoin dominance.
The altcoin volume on CEXs has exceeded that of Bitcoin by 2.71x based on the 90-day Moving Average (MA), signaling a possible onset of altcoin season.
A crypto analyst has forecasted a final market decline before the potential start of an altcoin season.