Hartmann Capital founder Felix Hartmann predicts that most altcoins could continue their downtrend until the end of January 2025.

The altcoin market has been down as $481.62 million worth of long positions were liquidated in the last 24 hours.

Bitcoin is trading at $96,663, down 1.5% after surpassing $100,000 on December 5.

Hartmann said Bitcoin could retest $99,000. Santiment warned that panic selling by retail investors could hinder the recovery.