Bitcoin-to-Altcoin Rotation Collapses, Altcoin Selling Hits 5-Year High in June

BTC1.41%
According to Cryptoquant founder Ki Young Ju, Bitcoin-to-altcoin asset rotation has collapsed, with BTC-pair altcoin trading volume falling to its lowest level since 2021. Altcoin spot selling recently hit a five-year high amid sustained net selling pressure, while Bitcoin dominance held near 58% throughout June. Ki Young Ju stated the era of altcoins rallying simply because Bitcoin rises may now be over, as institutional capital flowing through Bitcoin ETFs tends to remain with BTC rather than rotate down the risk curve into smaller tokens.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments