Grayscale Sees Altcoin Resilience as Possible Entry Point

Grayscale’s Head of Research Zach Pandl says leading altcoins are showing “encouraging” resilience, suggesting potential bottoming, though he cannot confirm markets have fully bottomed. Pandl pointed to the past month’s price action despite macro headwinds from geopolitical conflict and stock drawdowns. He said Ethereum and Chainlink have gained over the last month, while the broader crypto market remains far below prior highs. Grayscale’s view is that Wall Street demand is supported by tokenization and stablecoins, improving longer-term fundamentals. Key stats cited in the report: total crypto market cap is about $2.47T on Monday, down roughly 43% from a CoinGecko peak near $4.37T in October. Over the past month, Ethereum is up about 9.2% to ~$2,160; Solana is down about 1.9% to ~$82; Chainlink is up about 3.8% to ~$9.08. The report also notes slumping altcoin volumes, which has kept the market tilted toward Bitcoin. Pandl said short-term traders may want clearer catalysts before increasing altcoin allocations, while longer-horizon investors could consider current levels. The article also references regulatory optimism (e.g., potential progress around crypto market structure and stablecoin-related policy) as a reason fundamentals may strengthen. Bitcoin sentiment is mixed in the same coverage: some analysts still expect further downside (e.g., $10K scenarios), while a prediction market is leaning toward ETH weakness in the near term.