<ul><li>Crypto analyst @nobrainflip suggests that the total market cap excluding the top 10 cryptocurrencies relative to Bitcoin hints at a potential market bottom after a 1,247-day downtrend.</li><li>Prolonged bearish sentiment surrounding altcoins might serve as a contrarian indicator pointing towards a turnaround, following a principle that extreme negative sentiment can indicate a market bottom.</li><li>Historical patterns reveal that previous altcoin corrections ended after 945 and 426 days, whereas the current cycle has lasted 1,247 days, indicating a potential bottom given the extended drawdown, exhausted sentiment, and compressed valuation.</li><li>With altcoins out of favor and valuations low compared to Bitcoin, a trigger point for a market shift from selling to buying could be close, potentially signaling the end of the long bear market and the start of a rotation cycle favoring mid- and low-cap assets.</li></ul>

Altcoin Pain Nears End? 1247-Day Downtrend Suggests a Bottom Is Close

Discover more