Crypto Winter Deepens: Hartmann Sees Bottom Near, AI Tokens Plummet

The cryptocurrency market has been grappling with a prolonged negative funding rate and a complete collapse in market sentiment, leading some analysts to suggest that the market may be approaching a bottom. This sentiment was echoed by Hartmann Capital founder Felix Hartmann, who posted on BlockBeats News that he believes the market is nearing its lowest point.

Hartmann pointed to several indicators supporting his view, including the persistent negative funding rate and the flip to negative futures premiums. He also noted that AI tokens have experienced significant drops, with quality altcoins retracing to long-term trend lines. The overall market sentiment has also taken a nosedive, which Hartmann sees as a positive sign.

Despite the current pessimism, Hartmann remains optimistic about the long-term prospects of cryptocurrency. He believes that stablecoins and AI agents will continue to play a significant role in the market, and that the next four years will bring real progress in these areas. He also expects a SOL ETF to be launched soon, which could become an event similar to Coinbase or Binance listings in this cycle.

However, Hartmann acknowledges that cryptocurrency faces cultural challenges, such as excessive withdrawals and insufficient creation. He suggests that the current sense of despair is as irrational as the fourth-quarter frenzy and that most unlocked VC tokens may have already been sold off in the past two quarters.

As the market navigates these challenges, it is essential to stay informed about the latest developments and trends. While the current environment may be bleak, it is crucial to remember that markets are cyclical, and opportunities may arise as the market approaches its bottom.