PANews reported on June 27 that CryptoQuant analyst Axel Adler Jr said that as of June 27, the average monthly trading volume of altcoins was $1.6 billion, lower than the annual average of $2.5 billion. This moderate flow suggests that the asset may be in a consolidation phase, accumulating potential for the next round of altcoin season increases.

From the chart, the green circles mark the periods when monthly flow fell below $1.6 billion, including early 2023, the second half of 2023, and August-September 2024. In these stages, lower transaction flows usually preceded significant increases in altcoin prices.