According to Eric Cryptoman on Twitter, traders should not be misled by the current pullback, as he anticipates a breakout to new all-time highs for Bitcoin (BTC) with a target of $125,000. He highlights that many altcoins could outperform during this rally, specifically naming Avalanche (AVAX) as one of the most oversold assets among the top 100 cryptocurrencies. Eric cites analytics and chart patterns supporting a strong performance for both AVAX and ARENA. This analysis suggests that traders may benefit from a long position in BTC and select altcoins, as the upcoming market move could deliver significant gains. Source: @EricCryptoman on Twitter.

According to Michaël van de Poppe (@CryptoMichNL), the altcoin market has just endured its longest bear market in history, lasting 4 years as of June 2025. This extended downturn has led to significant portfolio losses and forced many traders out of the market, affecting liquidity and trading volumes across major exchanges (source: @CryptoMichNL, June 7, 2025). For active traders, this historic low may signal an impending market cycle shift, presenting potential long-term accumulation opportunities in oversold altcoins. However, caution remains vital as market sentiment and macroeconomic factors continue to pressure altcoin valuations.

According to Michaël van de Poppe (@CryptoMichNL), the cryptocurrency market is poised for another upward move as extreme bearish sentiment persists in altcoins. This high level of negativity among traders often precedes bullish reversals, suggesting potential trading opportunities for those monitoring oversold altcoin markets. Traders should watch for momentum shifts and confirmation signals as sentiment-driven rallies can develop quickly in these conditions (source: @CryptoMichNL, April 30, 2025).