Analysis: This round of altcoin rebound may be difficult to sustain

According to Matrixport analyst Markus Thielen, despite persistent market talk of an "altcoin bull run," only two brief rebounds have occurred to date, concentrated in a small number of projects, and the overall market lacks continuity. While there was a period of activity in the fourth quarter of 2024, it failed to establish widespread momentum. The rapid decline in funding rates suggests that bullish market sentiment has yet to materialize, and fundamental support is insufficient. Future momentum for sustained growth remains to be seen.