Ki Young Ju, founder of CryptoQuant, disclosed that the historical dynamic of capital flowing from BTC into altcoins has effectively halted. Per Woofun AI, this observation highlights a structural shift in market mechanics, noting that the era where Bitcoin's price appreciation broadly lifted altcoin valuations appears to have concluded.

Data indicates that trading volumes for altcoins paired against BTC have contracted significantly since 2021. This divergence suggests that future altcoin performance will depend less on Bitcoin's momentum and more on intrinsic fundamentals, specific use cases, and independent capital inflows.