PANews reported on December 20 that CryptoQuant founder Ki Young Ju pointed out that Bitcoin’s dominance rate recently fell by 6%, of which XRP accounted for 3%, and the dominance rate is currently recovering.

He said that only a few altcoins attracted new liquidity, and the rotation of BTC to altcoins was limited. This was not a "altcoin season" in the traditional sense, but more like a season for individual altcoins with outstanding performance.