Bonk Guy: Altcoins remain relatively resilient as Bitcoin dips, bullish on the outlook for the coming weeks to months.

BlockBeats news, October 30 - Renowned trader Bonk Guy posted that although BTC has retraced from $79,000 to $77,000 and many altcoins have also declined, they have still shown relatively stronger resilience compared to BTC.

He believes that Binance appears to have bought back most of the stolen coins, with approximately $3 billion of the roughly $6.3 billion in stolen assets already frozen. He expects that the frozen assets will be returned, and a significant portion of the remaining stolen assets may also be recovered within a certain timeframe.

Regarding the market outlook, Unipcs believes that BTC may still briefly dip to lower levels to form a local bottom, but he is bullish on the market over the coming weeks to months. He judges that most of the altcoin correction may already be over, and believes that going long on altcoins from current levels and buying in batches during potential subsequent pullbacks offers a higher probability of success.