According to BlockBeats, on August 29, CryptoQuant analyst Joao Wedson said that there is currently a positive correlation between altcoins and Bitcoin, reflecting investors' confidence in the entire market.

Historical data shows that when the average altcoin correlation turns negative, it is often a warning sign for Bitcoin and the entire market, and investors need to be cautious.

Currently, altcoins still show positive correlation. Although there are individual differences, they follow the trend of Bitcoin, indicating that the market is stable in the short term, but we need to continue to be vigilant about potential risks.