ETH has always been seen as the barometer for alts. Previously, due to ETH's prolonged sluggishness, the altcoin market had also been languishing for a long time. However, with ETH finally experiencing a strong Rebound, the market has rekindled its hopes for the legendary "alt season."
Regarding this discussion, trader degentrading posted a different analysis last night on X, believing that under the market consensus of "alts are scams", the gradually increasing short positions will ultimately become the fuel for the rise of alts due to short squeezes, thus driving the arrival of the "alt seas

The market has been a bit interesting these past couple of days... 🤔
I couldn't help but check the market, so I did some research and placed a few orders. It's just that feeling that comes over you, you know what I mean.
#合约战神 # Gate Contract Challenge #GateCom # Gatecom Exchange

Saw a fren say:
The crypto circle is becoming less fun. Bitcoin is buyable, but it's too expensive. Ethereum isn't expensive but it's somewhat useless. Altcoins are all just a wave of trash, some even get delisted without a single wave. The shitcoins are running too fast, and I can't keep up with the energy. Let's open a contract, it's been hovering here for two days still at the opening price. How do we break the situation?
I also have deep feelings about this. On the contrary, the consistently poor-performing A-shares are now skyrocketing, with many people opening accounts. This situation is