Felix Hartmann, founder of Hartmann Capital, believes that the market is nearing a bottom, citing prolonged negative funding rates and market sentiment collapse. Futures premiums turned negative weeks ago, and AI tokens have plummeted 80-99%. Quality altcoins have retreated to long-term trend lines, eliminating last quarter's exuberant gains.
Stablecoins and AI agents, needing non-KYC financial channels, will see real progress in the next four years. An upcoming SOL ETF may become a significant event, akin to Coinbase/Binance listings, facilitating pure capital inflow.
Hartmann notes that today's despair feels as irrational as last quarter's euphoria, with venture capital tokens likely mostly sold off over the past quarters, signaling a potential final stage.
Quelle: www.chaincatcher.com ↗