Is alt season coming? The crypto market is too boring right now, analyst says – DL News
- A lack of volatility in the crypto market is putting off retail traders.
- That’s preventing alternative crypto assets from rallying, as they did in previous bull markets.
- Some traders have moved to equities for high risk, high reward bets.
The crypto market has become too boring — and that’s why there hasn’t been an alt season.
Saad Ahmed, head of APAC at crypto exchange Gemini, made that argument, saying his exchange hadn’t seen the same levels of activity from retail traders as previous crypto bull markets.
“There would be traders who were getting crazy gains during those times, but we haven’t seen that.” Ahmed told DL News. “A lot of the retail frenzy was driven by that characteristic of the market and that’s been taken…
