According to Michaël van de Poppe (@CryptoMichNL), the ongoing 4-year altcoin bear market has presented significant challenges for traders, highlighting the importance of robust risk management and patience in volatile crypto environments (source: Twitter, June 2, 2025). Trading volumes and liquidity for many altcoins have declined significantly during this period, impacting price movements and creating tighter trading ranges. Traders are advised to focus on well-established projects, monitor on-chain activity, and utilize technical analysis to identify potential reversal signals and accumulation zones. This extended drawdown offers opportunities for disciplined investors to accumulate quality assets at discounted prices, but caution is warranted as low liquidity can lead to rapid price swings (source: Twitter, June 2, 2025).

According to Glassnode, if the Bitcoin correction deepens, the 6-month Cost Basis data indicates potential structural support levels below the current spot price. These levels are approximately $49K and $41K for Bitcoin, reflecting significant conviction-driven accumulation zones which could help absorb further downside pressure.