According to a report from 深潮 TechFlow on August 5, Matrixport released a chart today stating that despite the ongoing buzz in the market about a "altcoin bull run," there have only been two brief rebounds so far, concentrated on a few projects, and the overall market lacks continuity. Although there is some periodic activity in the fourth quarter of 2024, it has not led to widespread dissemination.



Overall, the Rebound lacks fundamental support, making it difficult to drive the market to form sustained upward momentum. We remain cautious and believe that this round of increase may be difficult to maintain. The rapid decline in funding rates also indicates that bullish sentiment has not yet effectively gathered, and market heat is still to be observed.
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