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Michaël van de Poppe: Altcoin market shows early signs of a bull run

CoinNetwork
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CryptoWorld News reports that Michaël van de Poppe said that the altcoin market may be quietly entering a new bull phase. He noted that compared with six months ago, investor interest in altcoins has changed significantly, even though Bitcoin remains stuck near recent lows. According to CoinGecko data, the altcoin market cap has risen to approximately $84.1 billion, and the altcoin season index is currently at 47, close to the 50 level that typically signals broader altcoin dominance. Trading activity has also surged: in the past 24 hours, altcoin trading volume increased by more than 218%. Van de Poppe believes the current price trend is not typical of a bear market, and that the crypto asset trend may differ from previous cycles. Although Bitcoin is still weak, some altcoins have reached annual highs and even set new all-time highs. He said that if concerns about the STC situation tied to strategies are alleviated, liquidity could flow back into the crypto market, driving more altcoin breakouts.
BTC-4.30%
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GoldfishOnIce
· 6h ago
If STC truly eases, the scene of liquidity returning is hard to imagine.
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GateUser-46c777d0
· 6h ago
218% trading volume increase, smart money has already started to position itself
View OriginalReply0
ViewingNarrativesFromAHotAir
· 6h ago
Bitcoin is at a low level, but altcoins are moving first; funds are looking for an exit.
View OriginalReply0
BeGentleWithLeverage
· 6h ago
84.1 billion market cap + 47 seasonal index, data doesn't lie
View OriginalReply0
MorningGoldAsWavesCrashAgainst
· 6h ago
Poppe's judgment is reliable; the altcoin season is indeed brewing.
View OriginalReply0

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