Matrixport: The current rise of altcoins may be difficult to maintain, and the market heat remains to be observed

BlockBeats news, on August 5th, Matrixport shared today's market views as follows: Despite the constant voices in the market about the "altcoin bull market," there have only been two brief rebounds so far, concentrated in a few projects, and the overall market lacks continuity. Although there was some activity in the fourth quarter of 2024, it did not form a widespread spread. Overall, the rebound lacks fundamental support, making it difficult to drive the market to form sustained upward momentum. Matrixport remains cautious and believes that this round of gains may be difficult to sustain. The rapid decline in funding rates also indicates that bullish sentiment has not yet effectively gathered, and market heat remains to be observed.