The crypto market may see a trend reversal, looking for altcoin opportunities from the short-term funding perspective.

1. Macroeconomic and crypto market gradually improve

1. Tariff policies tend to ease

Trump recently stated in public that the tariffs on Chinese imports are currently too high and he expects to significantly lower the tax rates. This marks a softening of his signature tariff policy stance. Market volatility has also decreased accordingly.

2. Expectations for interest rate easing have strengthened

The market currently expects interest rate cuts to begin in June, with a possibility of three cuts throughout the year, which will inject new liquidity into the market.

3. Encryption-friendly policies are being implemented one after another.

The United States is advancing the "Strategic Bitcoin Reserve" and "U.S. Digital Asset Reserve" plans, and several states are also promoting Bitcoin state reserve bills. Two stablecoin bills, the "GENIUS Act" and the "STABLE Act," are also being pushed forward, with implementation expected in the second half of this year. The newly appointed SEC chairman is considered to be more friendly towards the encryption industry.

4. BTC trend turns bullish

Since mid-March, BTC has outperformed U.S. stocks, demonstrating a certain hedging property. At the beginning of April, BTC technical indicators showed bottom signals, and the market trend shifted from bearish to bullish.

2. ETH or Lead the Altcoin Trend Reversal

1. On-chain data analysis

The number of profitable ETH addresses and the MVRV indicator have fallen to bear market lows, indicating clear overselling. The cost basis distribution shows significant accumulation of long-term holders' chips around the $1850 mark, which may form a new support level.

2. Contract Market Analysis

The ETH contract market is large, with an OI/MC ratio of around 10%, higher than other mainstream coins. Recently, the contract positions have shown a positive correlation with prices, indicating that leveraged funds and spot funds are driving the increase together. Several exchanges have ETH contract positions that are several times the spot reserves, providing a huge clearing profit space.

3. Technical Analysis

Multiple technical indicators for ETH have shown bottoming signals, and the candlestick pattern presents a bullish outlook. The price has broken through the upper boundary of the downward channel and the EMA20 moving average, with the MACD indicator forming a golden cross. The RSI and MFI indicators have exited the oversold range, all indicating an increased possibility of a bullish reversal.

3. Alts Opportunity Mining

Taking NEIROETH and ZEREBRO as examples to analyze the recent strong performance of alts:

1. NEIROETH

• Ethereum-based Shiba Inu Neiro concept Meme coin
• Market cap of 61 million USD, fully circulating with no team reserved.
• Contract trading is active, with a 24-hour trading volume 24 times that of the spot market.
• OI/MC exceeds 13.8 times, with sufficient counterparties.
• Large holders hold more long positions, overall showing a bullish trend.

2. ZEREBRO

• AI content creation and distribution system based on Solana
• Market cap of 76.85 million USD, fully circulating tokens
• Contract open interest increased by 300% within 24 hours, trading volume increased by 782%.
• The funding rate is positive, and a large amount of capital is establishing long positions.
• The large holder long-short ratio is 1.4, showing a clear bullish tendency.

In the current market environment, it is essential to focus on the data anomalies of alts to seize short-term speculative opportunities. As the market trend improves, the crypto market is expected to see more upward opportunities.