The altcoin market is experiencing a strong bullish momentum, with over 70% of investors exhibiting a long bias. This sentiment coincides with Bitcoin’s recent resurgence towards the $105k mark, a level that historically impacts market dynamics. Interestingly, despite this prevailing bullishness in the crypto space, many individual altcoins remain in red territory, experiencing double-digit weekly losses. 70% of altcoins are showing a strong long bias, with Binance data highlighting an average of 60%+ long positions across high-cap assets. This shift is not merely driven by optimism; it’s strategic risk-taking, following last week’s significant liquidation event. Traders seem to be betting on a near-term market rebalancing and potential short squeeze. However, this is a risky bet considering recent volatility. If the market stabilizes and avoids sharp fluctuations, late shorts may experience an unexpected squeeze, potentially fueling further upside momentum. 70% of altcoins are displaying strong bullish sentiment. The dynamic suggests that if Bitcoin dips to $100k, the effect might be amplified on altcoin prices. However, if Bitcoin holds its ground, a market rally could occur. This dip might not be a cause for concern but an opportunity for early investors looking to capitalize on the next wave of growth.