There is simply no money flowing into the Altcoins market right now and almost nobody is talking about it.
This indicator tracks stablecoins issuance and capital inflows into crypto: - When the bars are green and expanding, it means new money is being created and entering the market. That’s when #BTC and #Altcoins tend to explode. - When the bars turn red, it means liquidity is leaving the market.
In 2022, this indicator collapsed and so did Bitcoin and Altcoins.
Unfortunately, for weeks, even months, the amount of new money being printed and entering crypto has been shrinking.
That means: - Less institutional demand - Fewer whales allocating capital - And very little real demand for Altcoins
This does not mean there will be no Altseason. It means that right now, institutions and big players are not interested in allocating capital to Altcoins. And without fresh liquidity, rallies struggle to sustain.