The altcoin market continues to experience a downtrend against Bitcoin according to the TOTAL3/BTC weekly chart.
Daan suggests that extreme macro conditions like mass money printing, quantitative easing, or significant interest rate cuts may be necessary to trigger a sustained turnaround.
Daan expresses uncertainty about what would be needed to reverse the trend for more than a temporary bounce.
Altcoin investors are advised to be selective and strategic as broad exposure to underperforming tokens can lead to significant losses compared to Bitcoin.
The current market environment does not support a widespread altcoin rally similar to previous cycles like 2021.
A descending wedge pattern is observed in the TOTAL3/BTC ratio chart, with the market testing the lower boundary near historical support.
Altcoins are cautioned to remain cautious relative to Bitcoin until a clear breakout or significant macro shifts occur.