The cryptocurrency market is experiencing a notable downturn, with most altcoins down between 20% and 40% from their cycle highs. Analysts and traders are divided on whether this dip represents a buying opportunity or a signal that the market has peaked. Veteran analyst Michaël van de Poppe emphasized the importance of holding through market corrections and taking advantage of lower prices. Trading volumes have reportedly increased by 25% during this period, indicating heightened activity among investors. Discussions are ongoing about the potential for Bitcoin and altcoins to rebound, with some suggesting that the current conditions may lead to a cancellation of the anticipated altcoin season.