Matrixport: The current surge of altcoins may be difficult to sustain, and market sentiment still needs to be observed
BlockBeats News, August 5th, Matrixport shared today's market views as follows: Despite the continuous hype in the market about the "altcoin bull run," there have only been two brief rebound rounds so far, focused on a few projects, and the overall market lacks sustainability. Although there was a phased activity in the fourth quarter of 2024, it did not lead to widespread diffusion.
Overall, the rebound lacks fundamental support, making it difficult to drive the market into sustained upward momentum. Matrixport remains cautious and believes that this round of gains may be difficult to maintain. The rapid drop in funding rates also indicates that bullish sentiment has not effectively converged, and market enthusiasm is still under observation.
You may also like
Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play
Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip
Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed
Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions
A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI
When American giants collectively "defect" from Chinese AI models
BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"
Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected
Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.
