CryptoQuant CEO: Altcoin trading volume is driven by stablecoin and fiat currency trading pairs, reflecting actual market growth
CryptoQuant CEO Ki Young Ju stated in a post on X that "the season of altcoins is no longer defined by asset rotation from Bitcoin. The surge in altcoin trading volume is not driven by BTC trading pairs, but by stablecoin and fiat trading pairs, which reflects actual market growth rather than asset rotation. Stablecoin liquidity better explains the altcoin market."
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