Market Trends and Investor Behavior
According to Johann Kerbrat, head of crypto at Robinhood, investors are showing interest in assets beyond Bitcoin and Ethereum despite the ongoing market downturn. He believes the current market conditions present a favorable entry point for investors.
Diversification and Emerging Opportunities
More investors are exploring altcoins and use cases such as staking and DeFi. These sectors remain attractive even amid market uncertainty.
Market Data and Sentiment
However, the Altcoin Season Index indicates that Bitcoin remains the market favorite, with a season score of 33/100. US Bitcoin spot ETFs have seen net outflows for five consecutive weeks, totaling around $3.8 billion, reflecting sustained pessimism since early February.