According to Markus Thielen, an analyst at Matrixport, despite ongoing discussions about an "Altcoin bull market", only two brief rebounds have occurred so far, concentrated on a few projects, and the overall market lacks continuity.
Although there will be a periodic active phase in the fourth quarter of 2024, it has not formed a broad spread. The rapid decline in funding rates indicates that bullish market sentiment has not effectively gathered, with insufficient fundamental support, and the momentum for continued growth remains to be seen.
