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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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Santiment: Bottom Buyers in Altcoins Filled Their Pockets! But the Strings Are Still in Bitcoin's Hands - Coin Bulletin
According to the on-chain analysis platform Santiment, the altcoin market has recovered despite the drop in Bitcoin, but investors should not forget that Bitcoin still holds the reins.
According to the data shared by Santiment, the altcoin market experienced a significant recovery on Tuesday. This rise occurred during a period when Bitcoin dropped to $92,400 and then experienced a slight recovery. These bottom purchases turned out to be quite profitable for speculative investors investing in altcoins.
Bitcoin still leads this cycle
Please provide the source text to be translated. Data shows that especially in the bull cycle of the last few weeks, altcoins have followed Bitcoin's lead. However, this recent recovery proves that altcoins can show a strong performance independently of Bitcoin.
While Santiment analysts have noted that this move presents a positive opportunity for investors, they emphasized that the market is still being driven by Bitcoin. As Bitcoin continues to have an impact on the overall market, the momentum of altcoins during this process is closely monitored.