While some see this as a reset before the next rally, others warn that recovery could take months, echoing patterns from previous downturns.<\/p>\n
Blockchain analyst Mathew Hyland believes<\/a><\/strong> the wipeout may have set a market bottom, but a quick rebound is unlikely. He points to past crashes in 2020 and 2022, where recoveries stretched over months rather than weeks. Similarly, CryptoCon described the event as a purge of overleveraged positions, suggesting the broader trend remains intact but without an immediate turnaround.<\/p>\n Optimists, including analysts like Merlijn The Trader, argue that February has historically been a launchpad for altcoin rallies. They believe current conditions align with previous cycles, making a strong case for another breakout. Others, like Coinvo, highlight Bitcoin\u2019s<\/a><\/strong> dominance, suggesting its peak could pave the way for altcoins to surge.<\/p>\n