BTC sell-off risk persists, altcoin momentum lacking

Bitcoin remains in a sell-off risk zone, while the altcoin market has entered a phase of suppressed momentum, according to an analysis by Altcoin Vector, Swissblock's altcoin-focused X account. The firm noted that both upward and downward momentum indicators are currently low. While there is no strong correction pressure across the market, there is also a lack of new catalysts for a rally. In such phases, altcoins often trade sideways, exhibit increased volatility, or continue a gradual decline. However, the analysis pointed out that historically, a period of suppressed momentum is often followed by a strong upward surge. This rebound typically occurs after Bitcoin's risk index exits the sell-off zone and selling pressure subsides. Until then, the upward momentum for altcoins is likely to remain limited.