Analyst: Market funds are beginning to be reallocated to altcoins, and traders are showing a speculative mindset
ChainCatcher news, crypto analyst @brianq posted that as Bitcoin's price rebounded to $94,000 to $96,000 over the past 5 days, market funds began to reallocate towards altcoins.
The overall crypto market rose by 10.2% in the past week, with significant funds flowing into small-cap altcoins, especially Meme tokens, as traders exhibited a high-risk speculative mentality. Keywords like "altcoins" and "altcoin season" have surged in popularity on social media, but history shows that the market often moves contrary to retail expectations, and the current enthusiasm for altcoins may signal a greed top.
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