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Yim Si-wan, the South Korean actor who plays a crypto YouTuber in Squid Game 2, talked about crypto investments. Yim said altcoins are too complex and risky for many investors.
Yim took a cautious approach to his crypto involvement. To prepare for his role, Yim had bought Bitcoin to understand how it works. He didn’t make any money from his Bitcoin investments, but he didn’t lose any either.
His primary goal was to learn about market trends, and he found that altcoins are more complicated and harder to predict. He said that Bitcoin was easier to understand than the altcoin market.
Why the Next Altcoin Season Will Be Different
Crypto analyst Ki Young Ju also voiced concerns about the current state of the altcoin market. Ki explained that the upcoming altcoin season will not follow the patterns many expect.
Even though people seem optimistic, he sees a lack of new liquidity, which could make the altcoin market more unpredictable.
Read also: Altcoin vs. Bitcoin: What the 2025 Index Tells Us Now
This alt season won't be what you expected.
— Ki Young Ju (@ki_young_ju) December 3, 2024
It's going to be weird and challenging. Only a chosen few will win the game. Market sentiment is good, but there isn't much fresh liquidity.#Bitcoin is drifting away from the crypto ecosystem. Bitcoin has built its own paper-based… pic.twitter.com/T3qxZB4nY2
Additionally, Ki said that Bitcoin is becoming more disconnected from the crypto market. Because of innovations such as ETFs, MSTR, and various funds, Bitcoin has created its own paper-based Layer 2 network. This makes it harder for altcoins to follow Bitcoin’s price fluctuations.
The Link Between Bitcoin and Altcoins Is Changing
Historically, altcoins have always moved with Bitcoin. When Bitcoin’s price goes up, the whole market usually goes up. But now this correlation is weakening. A BTC-Alts correlation matrix between April 2021 and October 2024 shows how different altcoins respond to Bitcoin’s price changes.
Some altcoins, such as SOL, PEPE, and DOGE, correlate with Bitcoin, especially in 2023 and 2024. These assets tend to move together.
Other altcoins, including XRP, NEAR, and CRV, have also shown fluctuating correlations. This suggests that while there are periods when these altcoins align with Bitcoin’s price, there are also times when they deviate.
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