According to data: Bitcoin's trend reverses, altcoins are about to usher in a 100% rebound! ! !
📉 The crypto market ushered in the second largest decline in 2024, and a large-scale rotation of altcoins is imminent?
In the past week, the cryptocurrency market experienced the second largest weekly decline since 2024. Despite the sluggish market performance, analyst Michaël van de Poppe expects a large-scale capital rotation in the altcoin market in the coming weeks, which may be a potential bull market signal. Here is a detailed analysis:
🌊 The market is sluggish and altcoins have suffered heavy losses
Overall market value has declined: The altcoin market lost more than $25 billion over the weekend. The prices of ETH and other top ten altcoins fell by 3-10%.
Historical review: The total market value of the altcoin market has fallen by 50% since its all-time high in 2021, and the recent correction has caused it to fall by another 30%.
🔮Future Outlook
Capital rotation expectations: Analyst van de Poppe said that the altcoin market is approaching the final stage of the decline, and investors are preparing for a potential bull market rotation. The last time the altcoin market was this depressed, some altcoins saw their prices rise by 300-500%.
Capital Inflows: As the market approaches the bottom, it is expected that capital will flow back into altcoins, driving their prices back up.
💡 Macroeconomic Impact
Federal Reserve Policy: There are still doubts about whether the Fed will turn to rate cuts, which has a significant impact on the crypto market. If the Fed turns to easing policies, it may bring more capital inflows to the crypto market, driving prices up.
📊 Investment Strategy
Diversification: Given the market volatility, it is recommended that investors diversify their investments into a variety of altcoins to reduce risks and increase potential returns.
Pay attention to bottom signals: The current market downturn may be a good opportunity to buy high-quality altcoins, especially those that performed well in the last rotation.
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