According to BlockBeats, on September 25, the Korean Bitcoin Premium Index of the analysis company CryptoQuant turned negative on Wednesday, falling to -0.55, the largest discount since October 2023. In addition, the trading volume data of Korean trading platforms also showed that people are turning to high-beta (volatility greater than market volatility) altcoins.

Markus Thielen, founder of 10x Research, also said in a recent report that fast traders are taking advantage of the opportunity to buy their favorite altcoins in large quantities, expecting a strong rise in the fourth quarter. As Bitcoin breaks through $60,000 and aims to break through $65,000, savvy traders have accumulated undervalued altcoins including TAO, ENA, SEI, APT, SUI, NEAR and GRT.

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