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The altcoin market is showing mixed momentum as Bitcoin continues to dominate. The Altcoin Index currently sits at just 27 out of 100, signaling weak broad-based strength in the space.
Among the notable movers, we're seeing some pullbacks from recent peaks. ZK stumbled 16%, while META gave up 9% from its all-time high levels. In contrast, BEST is staging a comeback with a sharp 25% rally.
Looking at the gainers list, some tokens are posting eye-catching moves: BOUNTY surged 106.8%, 雪球 climbed 78.9%, DSYNC added 50.8%, CHEX rose 35.6%, and MOC gained 27.3%. These outlier performances highlight the dispersion in altcoin strength—a few tokens attract heavy flows while the broader market lags.
BOUNTY doubling? This market situation reminds me of 2017... but now the market structure has indeed changed. This kind of divergence expansion trend, from a quantitative perspective, actually indicates overall weakness.
ZK dropped 16%, META is also shrinking, isn't this a sign of a technical breakdown? To put it simply, hot money is choosing, and the true bottoming hasn't arrived yet.
Is the window for making T trades coming? Or should we continue to observe, it depends on trading volume.
BOUNTY's 106% surge this wave is too wild, should we buy the dip on those that are falling?
It feels like it's all funds speculating on concepts. When will the real fundamentals arrive?