Based on a comprehensive analysis of various market data, the likelihood of altcoins continuing to decline is low, and a significant rebound is very likely.

1. The sharp drop in altcoins early in the morning resulted in a large amount of liquidations, and the leverage ratio for altcoins has significantly decreased, reducing the risk of long position liquidations;

2. The sharp decline in altcoins generally showed increased volume at the bottom, and the funds from cutting losses at the bottom will become buying support in the short term;

3. The mainstream coins and altcoins conducted a second bottom test at 10 AM, and the trading volume significantly decreased; the subsequent rebound saw an increase in trading volume, indicating that selling pressure weakened while buying pressure recovered;

4. The market's overheated sentiment has greatly eased, and the Binance USDT lending rate has dropped to 12%, which is favorable for a rebound in altcoins.

However, whether it can break through the highs of the past few days is still uncertain and will depend on Bitcoin's performance in the coming days.

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