ChainCatcher message, Hartmann Capital founder Felix Hartmann posted: "I might be a bit early, but I feel we are close to the bottom.The funding rate has been negative for a while. The futures premium flipped to negative weeks ago.AI tokens have dropped 80-99%. Quality altcoins have retraced to long-term trend lines, eliminating the excessive rise in Q4.Market sentiment has completely collapsed------this is often the best signal.Stablecoins are not going away; they need on-chain infrastructure. AI agents are inevitable, and they require non-KYC financial channels. The wealth effect of Bitcoin once drove altcoins up, but the ETF era has changed that.Fink expects a SOL ETF soon------unlike BTC/ETH, there are no pending issues with Grayscale. Pure capital inflow. ETFs could become events similar to the Coinbase/Binance listings in this cycle. Cryptocurrency has a cultural problem------too much extraction, too little creation. But the next four years will bring real progress in stablecoins and AI.Today's feeling of despair is as irrational as the euphoria of Q4. We may oscillate, but most of the unlocked venture capital tokens may have already been sold off in the past two quarters. This could be the final stage."

ChainCatcher news, according to Cointelegraph, cryptocurrency research company Santiment's market director Brian Quinlavin stated in a blog post that when five major "panic" words are frequently used on social media, it may indicate that the cryptocurrency market has bottomed out.These words are "FUD," "sell," "death," "crash," and "liquidation." Taking a "contrarian" approach to social media sentiment is often the right decision.

ChainCatcher news, according to Cointelegraph, Bitcoin has issued its third "local bottom" signal in 2024. The latest research released by the on-chain analysis platform CryptoQuant on August 8 shows that the Network Value to Transactions Golden Cross (NVT-GC) tool indicates a bullish trend. Bitcoin's price is "overcooled."This week, Bitcoin faces warnings of another price drop as the moving averages have formed what is known as a "death cross." However, other market indicators call for a continued rebound. One of these is the NVT-GC, which CryptoQuant describes as a volatility indicator similar to Bollinger Bands. NVT compares Bitcoin's market capitalization to the transaction value over a specific time frame, while the golden cross version compares the long-term and short-term NVT values. The result is a rough guide to local market tops and bottoms, and in 2024, three such bottom signals have already been generated.