DelphiDigital Analyst: The market is slowly recovering and new hotspots are needed to revitalize the power of altcoins.

As of November 4, DeFi futures have continued to fall, removing all gains since last June, according to CoinDesk. Perpetual futures on the FTX Derivatives Exchange's DeFi Index have fallen nearly 60% from its September high of $ 3,500 to its value shortly after the futures trades were announced to end. June. Delphi Digital analyst Alex Gedevani believes a pause could come and give investors a chance to come back and reassess the market. The altcoin market is capitulating and the market may “recover” later, but new hot spots need to be re-established for money to continue flowing into the region.