Current status of altseason: The altseason phenomenon is disappearing. Ki Young Ju, CEO of CryptoQuant, points out that the liquidity deficiency from new investors is the main reason.

Role of institutional investors: Institutional investors are currently focusing on Bitcoin and Ether, leaving altcoins behind. This leads to a slowdown in altcoin cycles.

Dependence on Bitcoin: Altcoins can no longer just rely on Bitcoin’s allure to attract attention and capital.