Crypto market maker Wintermute released a report stating that despite significant pressure in the US debt market, the global digital asset bull market is still in its early stages, and it is not too late to enter. However, Wintermute noted that investors in major altcoins such as NEAR, XRP, and ARB should prepare for short-term consolidation, as the current three-month altcoin rally has entered a mature phase. Wintermute analysts believe that further Bitcoin gains are now driven by traditional market conditions rather than crypto-specific events, citing that the 10-year US Treasury yield has risen to 5.35% and the 30-year US Treasury yield has reached 5.6%, a new high since 2008.