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Matrixport: The recent rise of alts may be difficult to maintain, and market enthusiasm remains to be observed.
BlockBeats news, on August 5, Matrixport shared the following market outlook: Despite the continuous voices in the market regarding the "alts bull run", there have only been two short-lived rebounds so far, concentrated on a few projects, and the overall market lacks continuity. Although there may be periodic activity in the fourth quarter of 2024, it has not formed widespread diffusion. Overall, the rebound lacks fundamental support, making it difficult to drive the market to form sustained upward momentum. Matrixport remains cautious, believing that this round of rise may be difficult to maintain. The rapid decline in the funding rate also indicates that long positions sentiment has not yet effectively gathered, and market heat still needs to be observed.