According to Odaily Planet Daily, crypto influencer Ansem stated that a clear SFP (Swing Failure Pattern) can be observed on the weekly charts of XRP, SOL, and ETH, suggesting that the market trend is more like the end of momentum rather than a new bull market. He pointed out that this situation is similar to the trend of Litecoin in 2021, and the price of Bitcoin has now fallen below its 2024 high.

Ansem believes that the 10-month-long broad distribution phase may be nearing its end, and the market lacks new narrative drivers. MSTR fell below the 200-day moving average for the first time since peaking in November last year and turned into a resistance level, indicating a weak market structure. He added that unless BTC re-enters $112,000, it will be difficult to change the current bearish view.