BTC on Coinbase lacks momentum. Bearish view remains. Lately, there’s been a lot of talk about the altcoin market making a comeback, but when you look at the coins that are actually surging, most of the movement seems to be coming from Bithumb. There’s no special news or positive catalysts, and no meaningful changes on-chain either. It looks like some big traders within the exchange are pushing up the prices of low-market-cap coins, followed by small investors jumping in, which drives the price higher. Seeing this kind of movement while Bitcoin isn’t delivering solid performance doesn’t feel particularly positive to me, personally.