Alt season expectations falter: Why are Uniswap, Ethena, and Immutable rising against the trend?In November 2025, the crypto market fear and greed index fell to an extreme fear range of 17, with Bitcoin hovering around $94,000, and the altcoin season expectations completely stalled. However, Uniswap (UNI), Ethena (ENA), and Immutable (IMX) showed an upward trend against the tide, with 24-hour rises of 5%, 3%, and 2.5%, respectively.
Analysts point out that in a liquidity tightening environment, funds are flowing towards projects with clear use cases, stable cash flows, and active development entries. This selective gathering reflects the market's transition from concept speculation to fundamental verification.
MarketWhisper·2025-11-18 01:42