Eugene suddenly goes long: Are altcoins really bottoming out, or is it just another attempt to harvest?

After each bear market, a familiar voice always appears in the market:
"The bottom has arrived."
Recently, trader Eugene said that multiple charts are approaching the bottom, Bitcoin is nearing a key breakout level, and altcoins may usher in a new round of gains.
As a result, the entire network instantly became excited.
Because altcoin traders are already close to going crazy from the torment.
Many coins have fallen 90% from their highs, and now even project teams are too lazy to tweet.
But why is the market suddenly optimistic again?
The core reason is still liquidity expectations.
As long as the market re-believes:
Interest rate cuts will come, and funds will flow back.
Altcoins may experience a highly elastic rebound.
After all, what altcoins are best at is:
Rising 50% in a day during a bull market, dropping 50% in a day during a bear market.
But the problems are also very real.
Many altcoins are now severely suffering from “liquidity anemia.”
Too many projects, too little capital.
So even if the market warms up in the future, it may not be a “full-blown bull market.”
It’s more likely to be:
A few strong narrative projects siphoning blood.
AI, RWA, on-chain finance, modularization may continue to be hot topics.
And those meme coins that only shout slogans will most likely be permanently forgotten by the market.
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