Capital continues to bleed from BTC and ETH in Stablecoins, without high season in sight

According to Ali Martínez, Capital continues to flow from bitcoin and ethereum to Stablecoins, without clear signs from an upcoming Alts season.

In his <a target="_blank" rel="nofollow" href="https://x.com/ali_charts/status/1887352266719662291″ target=”_blank”>Recent Publication in xThe data analyst in the Ali Martínez chain said that the capital continues to flow outside bitcoin (btc) and ethereum (eth) to the stables. He also pointed out that there are still no Altseation seasonal signs. “

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The table that accompanies Martínez's statement shows a clear trend of the decrease in capital entries in bitcoin and ethereum, while Stablecoins has seen a significant increase in the change in net capital. Specifically, as of February 4, bitcoin had a net capital change of $ 0.0412 million, and ethereum saw $ 0.0048 million. In contrast, Stablecoins experienced a much larger change, with a net capital change of $ 0.0644 million. This suggests that investors are currently favoring safer assets, probably waiting for better entry points before making their next movement.

Historically, bitcoin capital rotations to smaller capitalization coins have indicated the beginning of an Altcoin season. According CoinmarketcapThe Altcoin season is typically marked by 75% of the 100 main crypts (excluding stable and tokens backed by assets) surpassing bitcoin in the last 90 days. At this time, however, the Coinmarketcap index It is in just 33 years. Martínez's table also shows that the oscillator indicators remain in a neutral position, without showing evidence of a beer elaboration season.

Deutscher, another analyst, shared his own thoughts about why this cycle is different in regards to the arrival of the Altsea season. He explained that instead of moving to established Altcoins, the merchants have been chasing low lid tokens. As a result, that speculative capital “stuck in illicious meme coins in the chain,” he said in <a target="_blank" href="https://twitter.com/milesdeutscher/status/1886692383578104265″ target=”_blank” rel=”nofollow”>Its publication in x.

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