[Deribit Executive: Altcoin Season Has Not Arrived, Market Lacks Trading Volume and Growth Momentum] Deribit Chief Commercial Officer Jean-David Péquignot stated that despite positive signals from macroeconomic factors such as China's economic stimulus policies and the potential for Federal Reserve rate cuts, the altcoin market has not yet entered a full growth phase. He noted that accommodative central bank policies could increase market liquidity and attract speculative funds, but the current market still lacks sufficient trading volume and broad growth momentum. Additionally, according to CoinMarketCap's Altcoin Season Index data, the index currently stands at 44, far below the critical level of 75, indicating that the overall performance of altcoins remains weak. Bitcoin's market dominance remains at 58%, continuing to hold the central position in the crypto market. Although Ethereum's recent price has risen relative to Bitcoin, it is still insufficient to trigger the start of an altcoin season.