Altcoin Markets Enter Consolidation Amid Bitcoin Volatility
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The founder of Hartmann Capital, Felix Hartmann, claims that the altcoin market has entered a period of consolidation as prices are under pressure to decline and Bitcoin attempts to regain its psychological $100,000 milestone, which it briefly surpassed earlier this month.
However, despite recent rallies, experts are suggesting most altcoins may slow down or decline till late 2025.
Altcoins Face Bleeding and Consolidation
Felix Hartmann, in his recent statement, has suggested that altcoins may experience a “slow bleed or consolidation” over the next two to six weeks. He noted that many have peaked after significant 2–3x gains within a short period. Therefore, he cautioned against chasing further rallies. While Hartmann expects lower levels for some assets, he said he would reiterate his “long view” on the current market strength, calling it “a great, good enemy.”
In this development, CoinGlass statistics show that the altcoin market is at $481.6 million; long positions have been liquidated in the past 24 hours in tokens such as Etena (ENA), Pepe (PEPE), and Bonk (BONK) with double-digit losses.
Broader Market Outlook
Bitcoin, which first hit $100,000 on December 5, has fallen to $96,663. Hartmann’s 5% gain yesterday showed the potential for a retest of $99,000 and a short position. However, trader alias Daan Crypto Trades indicated in a December 10 post on X that Bitcoin could see a 30-50% move after its recent consolidation. Also, CrytoSea founder Daan de Rover has pointed to the growth of liquidity above Bitcoin’s current levels, suggesting that a major move is imminent.
On the other hand, Daniel Chong, founder of Syncracy Capital, observed that traders have been focusing on the short term. It shows a cautious approach to market conditions.
Meanwhile, as the altcoin market consolidates and Bitcoin is below $100,000, analysts are seeing signs of consolidation. Some traders predict a short-term rally, while others point to new highs as early as 2025. Crypto research firm Santiment warned that the sell-off could quickly be reversed, setting the stage for a volatile but dynamic market ahead.
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