There is a very contradictory situation happening in the altcoin market right now. The technical signals are screaming bottom, but when you look at the actual numbers, selling pressure remains firm. It’s like that moment when you receive two completely opposite signals and you’re unsure which one to believe.

Yesterday, the market reacted strongly. Ethereum shot above $2,000 and pulled all the other altcoins along with it. It seemed like we were finally witnessing that resurgence everyone was expecting. But here’s the detail no one wants to admit: we are still seeing massive selling pressure. The 24-hour recovery didn’t erase the 90 days of bloodshed we’ve been through.

I’ll show you what analysts are seeing. When you analyze the ETH/BTC ratio, the chart shows Ethereum gaining strength against Bitcoin. Michael van de Poppe and other analysts have pointed out that when this ratio changes, altcoins tend to follow. The pair broke above an important consolidation zone, which would normally be a positive sign. But Michael van de Poppe also warned that this needs to be confirmed in the upcoming moves.

And there’s more. That massive descending pattern that started in 2022? Altcoins against Bitcoin have finally broken out. Javon Marks was very clear: this breakout is showing a positive response. If the strength of altcoins holds, the move could even become parabolic. It looks promising, right?

Here’s the problem. When you look at the actual performance of assets over the last 3 months, the story is completely different. Of the top 50 cryptocurrencies, only 6 have been in the green. Six! And most of them are small projects like Canton Network with 104% or Sky Protocol with 37%. The rest? Deep in the red. Whales keep selling, institutions like BlackRock keep dumping, and buying activity is practically nonexistent because the market remains fearful.

So what’s the real story? The technical signals suggest we’re seeing the bottom of an altcoin cycle, like 2014, 2018, and 2022. The RSI is oversold at the same levels that marked those historic bottoms. Michael van de Poppe and the technical analysis crowd are pointing to real breakouts on important charts. But the performance numbers? They say selling pressure persists and traders are still exiting positions.

The question is: do the bottom signals really indicate we’re ready for the altcoin season, or is it just another false positive? Because so far, the returns suggest the market is still selling, regardless of what the charts are signaling. Maybe we need more confirmation before believing this is the real deal.