{"id":74306,"date":"2026-06-20T16:58:53","date_gmt":"2026-06-20T16:58:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-to-altcoin-rotation-has-collapsed-and-the-alt-season-era-may-be-over\/"},"modified":"2026-06-20T16:58:53","modified_gmt":"2026-06-20T16:58:53","slug":"btc-to-altcoin-rotation-has-collapsed-and-the-alt-season-era-may-be-over","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-to-altcoin-rotation-has-collapsed-and-the-alt-season-era-may-be-over\/","title":{"rendered":"BTC-to-Altcoin Rotation Has Collapsed and the Alt-Season Era May Be Over"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Cryptoquant\u2019s Ki Young Ju says BTC-pair altcoin volume has collapsed to its lowest since 2021.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Altcoin spot selling hit a five-year high as bitcoin dominance held near 58% all through June.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Young Ju says 99.9% of altcoins should be rejected in favor of DeFi and RWA tokens with real revenue.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Rotation That Stopped Rotating<\/span><\/h2>\n<p><span style=\"font-weight:400\">For years, the <span>crypto<\/span> market has run on a familiar rhythm where <span>bitcoin<\/span> rallies first, early profits then rotate into e<\/span>ther, and finally down the risk curve into smaller tokens. Subsequently, an \u201calt season\u201d ensues almost like clockwork, a pattern that Cryptoquant founder Ki Young Ju believes has now stalled. He highlighted:<\/p>\n<blockquote>\n<p>\u201cBitcoin-to- <span>altcoin<\/span> asset rotation that once fueled alt seasons has basically disappeared. BTC-pair <span>altcoin<\/span> <span>volume<\/span> has collapsed since 2021. The era of \u2018alts pumping just because <span>BTC<\/span> pumps\u2019 may be over.\u201d<\/p>\n<\/blockquote>\n<figure id=\"attachment_824540\" aria-describedby=\"caption-attachment-824540\" style=\"width:2560px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-824540\" class=\"wp-caption-text\">Aggregate <span>altcoin<\/span> <span>trading volume<\/span> for <span>BTC<\/span> quote pairs, per Cryptoquant.<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The claim is backed by a deteriorating set of onchain metrics, with Cryptoquant reporting that <span>altcoin<\/span> selling on spot exchanges recently hit a <\/span><span style=\"font-weight:400\">five-year high<\/span><span style=\"font-weight:400\">, with months of sustained net selling pressure. <\/span><\/p>\n<p><span style=\"font-weight:400\">Ki Young Ju has argued that the <span>altcoin<\/span> market \u201chas barely grown beyond its 2021 high, while <span>Bitcoin<\/span> has absorbed outside <span>liquidity<\/span> from traditional finance,\u201d a dynamic in which exchange-traded funds (ETFs) and corporate treasuries funnel new money into <span>bitcoin<\/span> rather than into the long tail of tokens.<\/span><\/p>\n<p><span style=\"font-weight:400\">The result is a market where capital concentrates at the top instead of spreading out, with <span>Bitcoin.com<\/span> News reporting earlier this month that the <span>Altcoin<\/span> Season Index <\/span><a href=\"https:\/\/news.bitcoin.com\/altcoin-season-index-at-49-traders-need-bitcoin-dominance-below-55-to-trigger-rotation\/\"><span style=\"font-weight:400\">recently sat at 49<\/span><\/a><span style=\"font-weight:400\">, still far below the 75 reading needed to confirm a true <span>altcoin<\/span> season ( <span>bitcoin<\/span>\u2019s dominance hovered near 58% over the same time period).<\/span><\/p>\n<h2><span style=\"font-weight:400\">Not Dead, but Brutally Selective<\/span><\/h2>\n<p><span style=\"font-weight:400\">Ki Young Ju argues the survival bar for <span>altcoins<\/span> has risen sharply, <a href=\"https:\/\/x.com\/ki_young_ju\/status\/2067034631581647307\" target=\"_blank\" rel=\"noopener noreferrer\">warning<\/a> that \u201c99.9% of <span>altcoins<\/span> <\/span><span style=\"font-weight:400\">should be rejected<\/span><span style=\"font-weight:400\">.\u201d In his framework, the tokens worth holding fall into three narrow buckets, namely assets tied to global internet companies that build tokenized market layers, <span>decentralized finance<\/span> ( <span>DeFi<\/span>) protocols that generate real revenue, and projects aligned with larger financial shifts such as <span>stablecoins<\/span>, tokenized stocks and real-world assets ( <span>RWAs<\/span>).<\/span><\/p>\n<p><span style=\"font-weight:400\">That is a far cry from the indiscriminate rallies of past cycles, when nearly any token with a logo and a roadmap could triple in a week. The message to traders in all of this seems to be blunt, i.e. the umbrella wave that previously lifted every <span>altcoin<\/span> in the market at once is now gone, and fundamentals (such as revenue, adoption, real utility) will now decide which projects live.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Why the Old Playbook Broke<\/span><\/h2>\n<p><span style=\"font-weight:400\">Several forces appear to have come together to break the rotation. For starters, institutional money entering through <span>bitcoin ETFs<\/span> is now tending to stay with <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> rather than chasing the risk curve the way crypto-native traders once did. Similarly, tighter <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> has made speculators more discerning with the sheer number of tokens diluting attention to the point where broad-based gains are nearly impossible to sustain.<\/span><\/p>\n<p><span style=\"font-weight:400\"> <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News has chronicled this shift, including analyses of why the expected <\/span><a href=\"https:\/\/news.bitcoin.com\/the-death-of-the-altseason-why-the-2025-cycle-never-happened\/\"><span style=\"font-weight:400\">2025 altseason never arrived<\/span><\/a><span style=\"font-weight:400\"> even as <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> set records. Behind this backdrop, Ki Young Ju\u2019s latest comments extend that thesis from a single missing cycle to a structural change in how the market is and will continue to behave. <\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/cryptoquant-altcoin-rotation-collapsed-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Cryptoquant\u2019s Ki Young Ju says BTC-pair altcoin volume has collapsed to its lowest since 2021. Altcoin spot selling hit a five-year high as bitcoin dominance held near 58% all through June. Young Ju says 99.9% of altcoins should be rejected in favor of DeFi and RWA [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74306"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74306"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74307"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}