A crypto venture capitalist, Felix Hartmann, suggests the market may be approaching a local bottom due to prolonged negative funding rates and bearish sentiment, which he views as potential indicators for a rebound. He observed that negative funding rates indicate more sellers than buyers, signaling a bearish market condition. Despite Ether’s decline from a December 2024 high of over $4,000 to $2,639, and Solana’s drop from $295 to $201.15, Hartmann notes that the overall sentiment is dire, reflecting a common precursor to rallies. While retail sentiment is low, professional investors remain bullish, indicating a disconnect in market perceptions.