Analysis: Market Risk Appetite Rebounds, Funds Rotating into High-Beta Tokens

BlockBeats News, February 26, according to CoinDesk, Bitcoin surged to nearly $70,000 early this morning, currently retreating to around $68,300. Altcoins outperformed Bitcoin across the board, with ETH up 8.5%, SOL up 6.9%, ADA up 10.8%. This divergence typically indicates a return of risk appetite to the market edge, as traders, believing the worst of the sell-off is over, pursue higher-risk, higher-beta asset opportunities.

ZeroStack CEO Daniel Reis-Faria stated: "The forced selling wave is gradually receding. Altcoins are outperforming Bitcoin again, and the gains of more coins are leading Bitcoin. The market is showing rotation."

Meanwhile, the macro environment of the crypto market remains fragile. Market maker Wintermute pointed out that as funds flow into defensive and tangible assets, cryptocurrencies are synchronously under pressure with tech stocks, steadily losing upward momentum.