Deep Tide TechFlow news, on August 5th, Matrixport released a chart today stating that despite the ongoing chatter in the market about a "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 may be some phase of activity in the fourth quarter of 2024, it has not been able to form a widespread diffusion.

Overall, the rebounds lack fundamental support, making it difficult to drive the market towards a sustained upward momentum. We remain cautious and believe that this round of increase may be hard to maintain. The rapid decline in funding rates also indicates that bullish sentiment has not yet effectively gathered, and market enthusiasm is still to be observed.