CryptoQuant CEO Ki Young Ju tweeted that the village season has begun. There is no direct BTC to altcoin rotation, but stablecoin holders favor altcoin. The altcoin transaction volume is 2.7 times that of BTC. BTC's dominance no longer determines the copycat season, trading volume is. However, this is a very selective copycat season.

Citi analysts said in a report that given that Ethereum is (except Bitcoin) the only major cryptocurrency approved as the basis of spot ETFs, it may It is a rotation target. Other cryptocurrencies have performed even better, and their share of the overall market capitalization of cryptocurrencies is also growing.

Citibank added that respondents from a recent survey believed that altcoins will perform particularly well in 2025. "Other cryptocurrencies and altcoins have even made more sense in their performance, suggesting that some market participants expect a 'cock season' in 2025 after a strong year of Bitcoin." >

Citi analysts say new support will help consolidate the legitimacy of altcoins in the market and may push up prices; Bitcoin is classified as a commodity , there are already traditional financial trading tools such as spot ETFs and futures; in contrast, the definition of other crypto assets is more uncertain and the scope of investment choices is more limited; compared with Bitcoin, further support will provide huge altcoins the driving force.

Bitwise Chief Investment Officer, Matt Hougan, also believes that on the one hand, institutional investors are The outlook for cryptocurrencies is very optimistic. Institutional funds are pouring into crypto markets at an unprecedented scale through trading open-end index funds (ETFs), and Washington has also transformed from one of the biggest threats to cryptocurrencies to one of its strongest supporters. However, retail investors are currently in despair. They seem to live in another parallel reality. But in the long run, he believes that the layout of altcoins is more stable than at any time in history. Altcoins have been in a largely regulatory gray area over the past four years, with the U.S. Securities and Exchange Commission (SEC) claiming that most altcoins are illegal securities issuances. This hinders their use in the real world, making them big and excellentDevelopers dare not get involved in this field.

Everything is getting better now. Today, the United States has prioritized the development of stablecoins, which will support the growth of Ethereum and Solana. Today, the world's largest institutions are beginning to build in the field of encryption, which will bring DeFi applications to the public.

Panews believes that the trigger of the copycat season does not depend on quantitative easing QE, which is usually triggered by the start of a bull market in Bitcoin. The first step in capital flows is usually the influx of Bitcoin and major scattered scatters. Then, media hype attracted the attention of retail investors, and retail investors may start buying counterfeits. At the same time, investors who make profits in Bitcoin will turn their funds to the counterfeit market in order to pursue higher returns. Judging from historical data, this phenomenon usually occurs at the stage when Bitcoin breaks through the second high.

In addition, Vernacular Blockchain believes that in this cycle, the altcoin market is The trading model largely reflects a mainstream view—“all projects are scams.” During the past two crypto market cycles, people generally believe that “this technology represents the future.” But by the current cycle, this belief has been greatly weakened or even destroyed, and many people no longer believe in the long-term prospects of the crypto industry. On the contrary, the view that "everything is a scam" has become one of the mainstream cognitions.

In addition, current innovation is more iterative, and infrastructure is constantly being optimized, but it is not as disruptive as when DeFi was born. , there is also a lack of major progress that makes people shine.

However, Zhu Su, co-founder of Sanjiang Capital (3AC), posted on X "It's time to have full ETH." World Free Finance (WLFI) is also currently increasing its stake in Ethereum, a decentralized financial platform backed by Donald Trump, aiming to use USD-based stablecoins and governance managed by its WLFI tokens. Democratize financial access. Therefore, we see that the counterfeit locomotive Ethereum is being valued by everyone.

The altcoin market is undergoing an unprecedented transformation. As institutional investors enter the market, new support brings more legitimacy and growth potential to altcoins. Although the market's perceptions and beliefs about cryptocurrencies have changed, the future of altcoins is still full of hope.see.

We can predict that market transaction volume will continue to increase as Ethereum and other major altcoins gain more support, pushing altcoins into a new boom period. The world's largest institutions are building the crypto field, bringing Web3 to the public will further consolidate the altcoin's position in the market.

The future copycat season will no longer rely entirely on Bitcoin's performance, but will be driven by transaction volume and support. Although there is less breakthrough in innovation in the current market, the continuous optimization of infrastructure and support will lay a solid foundation for the development of altcoins. We can expect that in the near future, altcoins will usher in a new peak in the cryptocurrency market.