Summary
- Bitfinex analysts assessed that the altcoin market lacks sustained capital circulation and structural demand.
- They stated that if these conditions do not improve, any altcoin rally will remain short-term and vulnerable to market stagnation.
- It was reported that in July, altcoin search volume surpassed Bitcoin for the first time since November 2024.
According to Bitfinex analysts, as reported by the cryptocurrency-focused media outlet DL News on the 5th (local time), the altcoin market lacks persistent capital circulation and structural demand required for explosive growth.
They further analyzed that, until these conditions change, any altcoin rally is likely to be short-lived and the overall market will remain vulnerable to stagnation.
According to the media, in July, altcoin search volume surpassed that of Bitcoin (BTC) for the first time since November 2024.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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