Eugene: Multiple indicators suggest the market may have bottomed out; if BTC breaks through $80,000, it could trigger a new upward trend in Altcoin.

According to Mars Finance, crypto trader Eugene stated in a post on his personal channel that with Bitcoin hovering around $80,000, multiple market charts have shown signs of a bottom, and he expects the real rally to begin in the next week or so, potentially pushing many Altcoin out of their current consolidation range. Looking at overall trading volume and open interest (OI), most tokens currently require only a small amount of marginal buying to drive prices up, indicating the market is still largely under-allocated. He believes the key now lies in whether BTC can effectively break through the $80,000 mark and trigger a new upward trend for mainstream tokens such as ETH, SOL, and HYPE. Eugene also expressed hope that the market will not encounter pullback resistance at the current level.