Odaily Planet Daily News: Felix Hartmann, founder of Hartmann Capital, wrote in an article on X: "I may be speaking too early, but I feel like we are close to the bottom of the market: The funding rate has been negative for some time now. A few weeks ago, the futures premium turned negative; AI tokens have fallen by 80-99%. High quality altcoins have retreated to the long-term trend line, erasing the overshoot in the fourth quarter of last year; A complete breakdown of social emotions is usually the best signal. Stablecoins will not disappear, they require on chain infrastructure. AI agents are inevitable and require non KYC financial tracks. The BTC wealth effect used to drive altcoins, but the ETF era changed that. Fink expects the SOL ETF to emerge soon, unlike BTC/ETH, which does not have a gray excess. This will be a pure inflow of funds. ETFs may become the Coinbase/Binance on coin effect of this cycle. Cryptocurrencies have cultural issues: too much extraction and too little creation. But the next four years will bring real development momentum to stablecoins and artificial intelligence. The current despair is just as unreasonable as the excitement in the fourth quarter of last year He added that although the cryptocurrency market may continue to 'fluctuate', this could also be the 'end' as most unlocked VC token configurations have been 'sold off in the past two quarters'.
