On August 26, according to reports, an analyst from a certain trading platform stated that unless an ETF is launched that allows investors to access higher-risk encryption assets, alts may not see a large-scale, excessive rebound.
As Bitcoin (BTC) has seen a 6% decrease in market share over the past 30 days, participants in the encryption market have been eagerly anticipating a rebound in the altcoin market, or what is referred to as "altcoin season." However, the analyst stated in a market report released on Monday that they do not expect an "altcoin season" to occur until later this year, and this situation may only happen if the capital inflow into Bitcoin products regains momentum and new investment tools for alts are introduced.
The analyst stated that the market currently exhibits a "lower risk appetite" characteristic in this cycle. He also added: "Although capital inflows remain positive, the moderate trend reflects that investors are more cautious, which is similar to previous historical highs.