Founder of Hartmann Capital: The crypto market may be nearing the bottom

ChainCatcher news, according to Cointelegraph, Felix Hartmann, founder of the crypto investment firm Hartmann Capital, stated that based on the ongoing negative funding rates and widespread bearish sentiment, the crypto market may be approaching a bottom.

He pointed out that the funding rates have been "consistently negative" for some time, indicating that there are more sellers than buyers. Additionally, he mentioned that "quality altcoins" have retraced to the long-term trend line, erasing much of the gains from the fourth quarter of 2024. The Crypto Fear and Greed Index currently shows a score of 46 (fear), down 14 points from last week's score of 60 (greed).