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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.
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