Altcoin Bear Market May Be Ending, Van de Poppe Says

Crypto analyst Michaël van de Poppe believes the altcoin bear market may be coming to an end. After months of weakness, several altcoins are now breaking above key technical levels, leading him to become more aggressive with his portfolio.

Van de Poppe says around 98% of his portfolio is currently allocated to altcoins, although he does not plan to hold all of them indefinitely. His strategy is to rotate between different coins, actively trade market waves, take profits during rallies and gradually increase his Bitcoin, Ethereum, and cash holdings to reduce risk.

The analyst points out that Bitcoin has already survived several major market shocks without breaking key support levels, despite geopolitical tensions, the AI boom, SpaceX-related market moves, and other risk events. He believes bond yields are more important than headlines such as the Strait of Hormuz, and if inflation continues to fall and yields decline in the US and Japan, risk appetite could return across markets and trigger a major crypto breakout.

Van de Poppe is particularly focused on AVAX, where he recently deployed $3,000. He plans to buy more if AVAX reclaims the $7 level or sweeps its recent low before forming a bullish divergence. The analyst also has holdings in NEAR, Wormhole, and EigenLayer.