BlockBeats reports that on August 5, Matrixport shared the following market views: Despite ongoing discussions 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 activity in the fourth quarter of 2024, it has not led to widespread dissemination.
Overall, the rebound lacks fundamental support, making it difficult to sustain upward momentum in the market. Matrixport remains cautious and believes that this round of increase may be hard to maintain. The rapid decline in funding rates also indicates that bullish sentiment has not effectively gathered, and market activity is still to be observed.
