#Altcoin market is currently in a "stage of disbelief," which, if the cycle repeats, will soon transition to an "explosive rally."

"Historically, intensified consolidation has brought huge profits (in 2016 and 2020)," the expert added.

The stage of disbelief is a phase where investors maintain skepticism despite positive market indicators. The cryptocurrency fear and greed index stands at 56, indicating a decrease in bullish sentiment. Over the month, the index has dropped by 24 points.

During the same period, the OTHERS indicator, which tracks the market capitalization of all cryptocurrencies except the top ten largest ones, fell by 17.55% to $264.9 billion.

Analyst Rekt Capital noted that the metric maintains support at the $250 billion mark, "preparing for future upward movement" to $425 billion.