BlockBeats News, August 26th, according to Cointelegraph's report, a Bitfinex analyst stated that unless an ETF is launched to allow investors to access higher-risk crypto assets, altcoins may not see a widespread, exaggerated rebound.
With Bitcoin (BTC) losing 6% of its market dominance in the past 30 days, crypto market participants have been anticipating an altcoin market rebound, or the so-called "alt season." However, in a market report released on Monday, the Bitfinex analyst expressed their expectation that an "alt season" is unlikely to occur before later this year, only when capital flows into Bitcoin products regain momentum and new investment tools for altcoins are introduced.
The Bitfinex analyst stated that the current market exhibits a "low risk appetite" in this cycle. They added: "Despite the inflow of funds remaining positive, the mild trend reflects a more cautious investor sentiment, contrasting with the aggressive demand seen during previous all-time highs (ATH)."
David Duong, the Global Research Director at Coinbase Institutional, has a different view, recently stating, "As September approaches, the current market conditions suggest a potential shift towards a full-fledged altcoin season."
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