• Data revealed a pattern of capital rotation from one altcoin to another, with minimal liquidity entering the overall altcoin market this cycle
• A significant decline in liquidity within the broader crypto market has also contributed to this trend

Over the last 24 hours, the larger cryptocurrency market has seen little movement, registering only a 0.11% hike. On the contrary, trading volume dropped sharply to $153.08 billion – Marking a 3.57% decline.

Several major altcoins, including Ethereum (ETH), XRP, and Dogecoin (DOGE), have fallen significantly on the charts too, falling by 0.81%, 0.54%, and 0.34%, respectively, within the same period.

While the market appears to be entering a recovery phase, with assets slowly regaining lost value, new insights suggest that an altseason—A period where altcoins significantly outperform Bitcoin—might remain delayed.

This delay can be attributed to a lack of significant changes in key market metrics, including liquidity flow and overall market sentiment.

Capital redistribution keeps altcoins under pressure

According to an analyst on Twitter, altcoins remain in a stalled phase, with limited liquidity flowing into these assets. This has inherently delayed the much-anticipated altseason, during which altcoins typically see significant upward momentum.

Charts presented revealed that altcoin market capitalization—represented on the right—has barely su

Go to Source to See Full Article
Author: Olayiwola Dolapo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details