PANews reported on August 5 that according to Matrixport analyst Markus Thielen, although discussions about the "altcoin bull market" continue in the market, there have only been two short rebounds so far, and they are concentrated in a few projects, and the overall market lacks continuity.

While there was some periodic activity in the fourth quarter of 2024, it failed to achieve widespread growth. The rapid decline in funding rates suggests that bullish market sentiment has yet to gather momentum, and fundamental support is insufficient. Future momentum for sustained growth remains to be seen.