Hartmann Capital founder: Indicators such as continued negative funding rates indicate that the market may be close to bottoming out

Odaily Planet Daily News Hartmann Capital founder Felix Hartmann wrote on X: "I may be too early, but I feel that we are close to the bottom of the market: • Funding rates have been negative for some time. A few weeks ago, the futures premium turned negative; • AI tokens fell 80-99%. High-quality altcoins retreated to the long-term trend line, erasing the overshoot in the fourth quarter of last year; • Social sentiment has completely collapsed, which is usually the best signal. Stablecoins will not disappear, they need on-chain infrastructure. AI agents are inevitable, and they need non-KYC financial tracks. The BTC wealth effect once drove altcoins, but the ETF era changed that. Fink expects the SOL ETF to appear soon, and unlike BTC/ETH, there will be no excess gray. This will be a pure inflow of funds. ETFs may become the Coinbase/Binance listing effect of this cycle. Cryptocurrencies have cultural problems: too much extraction and too little creation. But in the next 4 2020 will bring real momentum for stablecoins and AI. The desperation right now is as irrational as the euphoria in Q4 of last year.” He added that while the crypto market may continue to be “volatile,” this could also be the “endgame,” as most unlocked VC token allocations have already been “sold off over the past two quarters.”