Report: Institutions are very cautious about altcoins. The current altcoin market is mostly driven by retail investors.

On January 20, Coin Metrics’ latest report pointed out that many popular altcoins that soared during the 2017 crypto boom are now dead and have been replaced by new DeFi assets.

But at the same time, the report also pointed out that as a new round of funds flow into Bitcoin and Ethereum, some of these funds may also begin to flow into altcoins, and the market may also usher in an altcoin season, but not all crypto assets are bullish. The report also pointed out that institutions are very cautious about altcoins. The current altcoin market is largely considered to be a retail phenomenon, that is, most investors are individual investors who seek excess returns.