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Matrixport: Rise of Altcoins in this Round May Be Hard to Sustain, Market Sentiment Still Needs Observation
Summary: Matrixport shared today's market views as follows: Despite the continuous bullish sentiment in the altcoin market, there have only been two brief rebounds so far, concentrated on a few projects, lacking overall sustainability. Although there was some activity in the fourth quarter of 2024, it did not spread widely. Overall, the rebound lacks fundamental support, ...
Matrixport shared today's market views as follows: Despite the continuous bullish sentiment in the altcoin market, there have only been two brief rebounds so far, concentrated on a few projects, lacking overall sustainability. Although there was some activity in the fourth quarter of 2024, it did not spread widely. Overall, the rebound lacks fundamental support, making it difficult to drive sustained upward momentum in the market. Matrixport remains cautious, believing that the rise in this round may be hard to sustain. The rapid decline in funding rates also indicates that bullish sentiment has not effectively gathered, and market sentiment still needs observation.
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Link: Matrixport: Rise of Altcoins in this Round May Be Hard to Sustain, Market Sentiment Still Needs Observation [Copy]
