PANews reported on May 9th that trader "Dove" Eugene stated on his personal channel that several crypto assets have shown signs of bottoming out. With Bitcoin hovering around $80,000, the coming week may be a crucial period for market direction. He believes that most tokens currently have low trading volume and open interest (OI), requiring only a small amount of marginal buying to drive an increase, and the market as a whole remains "underweight."

Eugene points out that if BTC effectively breaks through $80,000 and drives a new upward trend in mainstream tokens such as Ethereum, Solana, and HYPE, many altcoins are expected to break through their current consolidation range.