Despite the prevailing challenges, some alternative cryptocurrencies have shown remarkable resilience. This has given rise to what can be described as a “particular altseason,” where certain altcoins, especially those associated with institutional adoption and viral online trends, break away from the price trends of Bitcoin. As highlighted by Ki Young Ju, the CEO of Cryptoquant,
“Currently, only a limited number of altcoins are closely correlated with BTC. Infrastructure coins like ETH are experiencing a slowdown, whereas those linked to institutional investments, stablecoins, and internet memes have managed to thrive.”