Bitcoin’s dominance remains remarkably resilient despite a strong surge in altcoins, signaling a unique phase in the cryptocurrency market. Contrary to traditional market cycles, new capital inflows appear to be
BitcoinWorld Hyperliquid’s Phenomenal Rise: $10.6 Billion Open Interest Sets New DEX Record The world of decentralized finance (DeFi) is constantly evolving, pushing the boundaries of what’s possible in digital asset trading. In a significant development that underscores this rapid growth, Hyperliquid , a cutting-edge decentralized perpetual futures exchange, has just announced a monumental achievement: its open interest has soared past an astonishing $10.6 billion. This record-breaking figure for open interest crypto marks a pivotal moment, not just for Hyperliquid, but for the entire DeFi ecosystem, signaling a profound shift in how traders engage with complex financial instruments. What is Hyperliquid and Why Does Its Growth Matter? At its core, Hyperliquid is not just another platform; it’s a trailblazer in the realm of decentralized exchange (DEX) technology. Unlike traditional centralized exchanges (CEXs) where user funds are held by the platform, Hyperliquid operates on its own dedicated Layer 1 blockchain, built with a unique architecture designed for speed and efficiency. This allows it to offer a high-performance, on-chain order book experience that rivals the responsiveness of CEXs, all while maintaining the core tenets of decentralization: transparency, self-custody, and censorship resistance. The recent announcement of reaching over $10.6 billion in open interest isn’t just a number; it’s a powerful testament to Hyperliquid’s growing dominance and the increasing trust users are placing in decentralized solutions for advanced trading. This figure represents the total value of all outstanding futures contracts that have not yet been closed or settled. For a decentralized exchange to achieve such a milestone indicates: Robust Liquidity: A high open interest often correlates with deep liquidity, making it easier for traders to enter and exit large positions without significant price slippage. Growing User Adoption: It signifies a substantial influx of traders actively engaging with the platform, validating Hyperliquid’s user experience and trading infrastructure. Market Confidence: Reaching an all-time high in open interest reflects strong market confidence in the platform’s stability, security, and ability to handle large volumes of trades. This growth positions Hyperliquid as a serious contender in the competitive landscape of crypto derivatives, proving that decentralized platforms can indeed scale to meet the demands of sophisticated traders. Decoding Open Interest Crypto: What Does This Record Mean? Understanding the significance of open interest crypto is crucial to appreciating Hyperliquid’s recent feat. In the context of derivatives, open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. It’s a key indicator of market activity and liquidity. When open interest rises, it generally suggests new money is flowing into the market, indicating a potential for sustained price trends or increased market participation. Hyperliquid’s record-breaking $10.6 billion in open interest for its perpetual futures offerings sends several clear signals to the broader crypto market: Indicator Implication for Hyperliquid Increased Market Depth More participants mean tighter spreads and better execution prices for traders. Strong Trader Confidence Users are comfortable committing significant capital to the platform, trusting its security and performance. Growing Demand for DeFi Derivatives It highlights a broader trend of traders moving towards decentralized platforms for sophisticated financial products. Competitive Edge Hyperliquid is successfully attracting and retaining a significant portion of the derivatives trading volume, challenging established players. This monumental figure isn’t just a fleeting moment; it suggests a sustainable trend where traders are increasingly seeking decentralized alternatives for their high-stakes perpetual futures trading, recognizing the inherent benefits offered by platforms like Hyperliquid. The Appeal of Perpetual Futures on a Decentralized Exchange Why are perpetual futures so popular, especially on a decentralized exchange like Hyperliquid? Perpetual futures contracts are a type of derivative that allows traders to speculate on the future price of an asset without an expiry date, mimicking a spot market but with the added benefit of leverage. This flexibility, combined with the ability to go long or short, makes them incredibly attractive for active traders looking to capitalize on market movements. When these instruments are offered on a decentralized platform, the appeal multiplies. Here are some key advantages: Self-Custody and Security: Traders retain control of their funds in their own wallets, significantly reducing counterparty risk associated with centralized exchanges. This is a fundamental principle of DeFi. Transparency and Auditability: All transactions and order book data are recorded on the blockchain, providing an immutable and publicly verifiable record. This fosters trust and reduces the potential for market manipulation. Censorship Resistance: Decentralized exchanges operate without a central authority, making them resistant to censorship or arbitrary account freezes, a critical concern for many crypto users. Global Accessibility: Anyone with an internet connection and a compatible wallet can access these platforms, promoting financial inclusion regardless of geographical location or traditional banking access. Innovation and Composability: DEXs are often at the forefront of innovation, integrating with other DeFi protocols and offering unique features that centralized platforms might not. However, it’s also important to acknowledge potential challenges. Historically, DEXs have struggled with speed, high transaction fees (gas fees), and liquidity depth compared to CEXs. Hyperliquid, by building its own Layer 1 blockchain, aims to mitigate many of these issues, offering a low-latency, high-throughput environment specifically optimized for derivatives trading. This commitment to performance is a key factor in its ability to attract such massive open interest crypto . Hyperliquid’s Edge in the DeFi Trading Landscape In the fiercely competitive world of DeFi trading , what exactly gives Hyperliquid its winning edge? It’s a combination of architectural design, technological innovation, and a clear understanding of what sophisticated traders demand. Unlike many DEXs that operate on general-purpose blockchains like Ethereum (which can suffer from congestion and high gas fees), Hyperliquid’s bespoke Layer 1 blockchain is engineered for speed and efficiency. Key differentiators that contribute to Hyperliquid’s success in attracting record open interest crypto include: Dedicated L1 Blockchain: This proprietary chain allows Hyperliquid to achieve sub-millisecond latency and process a high volume of transactions, crucial for derivatives trading where every millisecond counts. On-Chain Order Book: While many DEXs rely on Automated Market Makers (AMMs), Hyperliquid uses a traditional order book model fully on-chain. This provides a familiar trading experience for professional traders accustomed to CEXs, offering precise price control and enabling complex order types. Capital Efficiency: The platform is designed to be highly capital-efficient, allowing traders to maximize their trading power with minimal collateral, a significant draw for those engaged in perpetual futures trading. User Experience: Despite its technical sophistication, Hyperliquid prioritizes a seamless and intuitive user interface, making advanced DeFi trading accessible to a broader audience. These features position Hyperliquid not just as an alternative, but as a superior option for certain types of DeFi trading , particularly for those seeking high-performance derivatives execution within a decentralized framework. Its rapid accumulation of open interest is a clear indicator that the market is responding positively to this innovative approach. Hyperliquid ‘s monumental achievement of surpassing $10.6 billion in open interest crypto is more than just a headline; it’s a powerful validation of the growing maturity and potential of the decentralized finance sector. This record high for a decentralized exchange specializing in perpetual futures trading signals a significant shift in trader preference towards platforms that offer both the security of self-custody and the performance traditionally associated with centralized entities. As the DeFi trading landscape continues to evolve, Hyperliquid stands out as a prime example of how innovation, robust technology, and a focus on user needs can lead to unprecedented success. Its journey underscores a broader trend: the future of finance is increasingly decentralized, and platforms like Hyperliquid are leading the charge. To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance price action. This post Hyperliquid’s Phenomenal Rise: $10.6 Billion Open Interest Sets New DEX Record first appeared on BitcoinWorld and is written by Editorial Team
Spot Bitcoin ETFs in the United States have marked a significant milestone, recording over $1 billion in inflows for the second consecutive day on Friday, a first since their launch in January 2024. According to data from Farside, the 11 spot Bitcoin ETFs saw a total of $1.03 billion in inflows on Friday, following $1.17 billion the previous day, reflecting a growing institutional appetite for Bitcoin amid a strong price rally. Nate Geraci, president of NovaDius Wealth Management, noted that billion-dollar inflow days have been rare since the ETFs launched, with only seven such days recorded so far—two of which occurred within the past two days. The previous high before this week was on Jan. 17, with $1.07 billion in inflows. Thursday’s $1.17 billion inflow marked the second-largest single-day influx since inception, surpassed only by the $1.37 billion recorded on Nov. 7, 2024, when Donald Trump won the US presidential election. Institutional Demand Outpaces Bitcoin Supply Matt Hougan, chief investment officer at Bitwise Invest, noted on Friday that while the Bitcoin network produced approximately 450 Bitcoins on Thursday, spot Bitcoin ETFs purchased nearly 10,000 Bitcoins on the same day. Similarly, Jan3 emphasized that on Wednesday, Bitcoin ETF demand was 22 times higher than the daily mined supply, indicating the intensity of institutional demand. “This demand is not sustainable at these price levels,” said Jan3 CEO Samson Mow, suggesting that the heightened demand could continue to pressure Bitcoin’s supply dynamics. The strong inflows came during a trading week that saw Bitcoin prices hit new all-time highs , reaching $112,000 on Wednesday and climbing further to $118,780 by Friday, according to CoinMarketCap data. The rising prices fueled investor interest, leading to $2.72 billion in inflows into Bitcoin ETFs over the week. Bitcoin ETFs Cumulative Inflows Hit Records The price rally also propelled BlackRock’s spot Bitcoin ETF (IBIT) to surpass $80 billion in assets under management (AUM) on Thursday, making it the fastest ETF to reach that milestone in just 374 days, according to ETF analyst Eric Balchunas. Notably, BlackRock’s IBIT fund now generates more annual revenue than its flagship S&P 500 ETF, iShares Core S&P 500 ETF, reflecting the shifting focus toward crypto among investors. Total assets across all US spot Bitcoin ETFs have now crossed $140 billion for the first time. While Balchunas noted that the recent price surge contributed significantly to these figures, the consistent inflows signal the strengthening role of Bitcoin ETFs in the financial markets as institutional interest in crypto assets continues to accelerate. The post Bitcoin ETFs Record Back-to-Back Billion-Dollar Inflows Amid Price Surge appeared first on TheCoinrise.com .
Bitcoin has decisively broken above its previous all-time high of $111K, triggering a powerful bullish rally toward the key $120K psychological resistance. However, as BTC approaches the $120K zone, profit-taking and distribution pressure may rise, increasing the likelihood of a short-term corrective pullback. Technical Analysis By ShayanMarkets The Daily Chart After a prolonged consolidation phase, Bitcoin has decisively broken above its previous all-time high of $111K. This breakout was backed by a notable surge in buying activity, triggering a short-squeeze that accelerated the bullish momentum. As a result, Bitcoin rapidly climbed toward the psychologically significant $120K resistance level. While this move signals strong market confidence, the $120K region is a probable zone for profit-taking and distribution, which could temporarily slow down the rally. A short-term corrective phase is therefore expected, likely pulling the price back toward the $111K region to retest the breakout level. Based on the Fibonacci retracement tool, key resistance levels ahead are located at $120K and $131K. The 4-Hour Chart On the lower timeframe, Bitcoin printed a powerful bullish candle, decisively breaking above both the descending wedge pattern and the previous ATH at $111K. Following a minor pullback to retest the breakout zone, the price resumed its upward surge, reaching the $120K mark. Such impulsive rallies are often followed by short-term corrections, as traders begin to realize profits. A healthy retracement would likely target the 0.5 ($113K) to 0.618 ($111K) Fibonacci levels, a key zone where the market may stabilize and build momentum for the next leg up. On-chain Analysis By ShayanMarkets As Bitcoin trades at all-time highs near $120K, an intriguing insight emerges from the Short-Term Holder SOPR metric. This indicator, which measures realized profits from investors who’ve held BTC for less than 155 days, remains notably muted, especially when compared to November 2024, when Bitcoin first reached $111K. Despite the recent surge, short-term holders aren’t cashing out aggressively, indicating that profit-taking is still relatively limited. Historically, the end of a bullish cycle is often accompanied by elevated SOPR values due to massive profit realization. But for now, the data suggests the market isn’t overheated, and the current rally could still have room to grow if new demand enters. The post Bitcoin Price Analysis: Is a Correction Coming or Will BTC Break $120K Next? appeared first on CryptoPotato .
The post Next Price Target Is $0.035, And It’s Closer Than You Think with Presale Nearly Sold Out appeared first on Coinpedia Fintech News While most presales slow down before hitting momentum, Mutuum Finance (MUTM) is doing the opposite—accelerating. With Phase 5 halfway through, over $12.15 million raised, and more than 13,000 holders already locked in, the jump to the next price milestone of $0.035 is rapidly approaching. At just $0.03 right now, this token still offers nearly 100% upside before the final presale price of $0.06—and savvy investors aren’t waiting. In just five days, $2.8 million flowed into the presale, and it’s not just retail players joining. Larger wallets are now rebalancing portfolios, shifting away from passive holds like XRP, SOL, and LINK in favor of platforms like Mutuum Finance (MUTM) that offer yield-generating opportunities alongside strong price growth. This momentum is building from both directions—users looking to earn and those seeking real gains before the next phase kicks in. Yield Without Complexity: mtTokens Introduce a Smarter Way to Earn Mutuum Finance (MUTM) isn’t just another token launch—it’s a blueprint for how decentralized lending is expanding. At the center of its ecosystem lies a concept designed to simplify DeFi while boosting returns: mtTokens. These tokens will be minted instantly when users deposit their crypto into Mutuum Finance (MUTM)’s liquidity pools. From that moment on, mtTokens will begin to reflect growing value automatically, capturing both the principal and interest generated from lending activity. This passive accumulation of yield removes the friction that usually comes with DeFi platforms. There will be no extra steps or smart contract interactions needed to claim interest. As the lending pool gets utilized, the mtTokens rise in value—making them a true reflection of user earnings in real time. These tokens will also remain fully transferable, so users can move, trade, or use them as collateral across the Mutuum Finance (MUTM) ecosystem. What makes the mtToken system even more powerful is how it ties directly into the broader protocol’s performance. As borrowers draw from the pools, interest is generated. That interest flows back into the value of the mtTokens, creating a clear incentive loop. This will encourage more deposits and increase on-chain liquidity, pushing the ecosystem into a state of self-sustaining growth. And this isn’t just about yield. The mtTokens will play a key role in Mutuum Finance (MUTM)’s upcoming dividend mechanism. A portion of protocol revenue will be used to buy back MUTM tokens from the market and distribute them to users who stake mtTokens in designated smart contracts. In essence, holders will benefit from two streams of return—interest generated by lending activity and dividends paid out in MUTM. This dual-income approach puts mtTokens in a category of their own, blending flexibility, security, and consistent earning power. Strengthening the Foundation: Utility, Security, and Stablecoin Integration Investors are already seeing the value in this model—not just because of price potential, but because of real infrastructure being laid down. One of the most exciting future components of the platform is its decentralized stablecoin, which is being built to maintain a consistent $1 peg. This stablecoin will only be minted when users borrow against overcollateralized assets like ETH, and it will be automatically burned when loans are repaid or liquidated. This design will give the protocol treasury a stable base of value, allowing Mutuum Finance (MUTM) to operate with more stability than many other lending projects. Only approved issuers will be able to mint the stablecoin, and the interest rate on loans will be governed by Mutuum Finance (MUTM) itself—not volatile market conditions—giving it another tool to preserve equilibrium. Adding to the trust behind the project is its technical foundation. Mutuum Finance (MUTM) has undergone a professional audit through CertiK, earning a strong TokenScan score of 95.00. The team has also launched a $50,000 bug bounty program with multiple payout tiers, designed to reward community testers for finding vulnerabilities before launch. Together, these efforts send a clear message: security and transparency are being taken seriously, even in the early stages. Looking forward, the platform is being developed with Layer-2 integration, offering faster speeds and lower fees—a critical improvement over congested Layer-1 chains. And with a beta version in development, early adopters will soon have a chance to see the system in action ahead of the public launch. As momentum builds, hesitation becomes costly. Investors who wait for the $0.035 confirmation are likely to find themselves entering at $0.06 instead—chasing gains that others already captured. With the current price still at $0.03 and growing attention pouring in daily, the window to enter before the next leg up is shrinking fast. Mutuum Finance (MUTM) is already proving to be more than just a presale—it’s shaping up to be a full ecosystem in motion. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
CKpool developer and administrator Con Kolivas announced on X the launch of a new solo BTC pool located in Brisbane, Australia. The goal of this Bitcoin mining pool is to service Oceania and Asia-Pacific miners. The new AU solo pool is separated from the main CK pool and the EU solo BTC mining pool due to latency and performance reasons. As per the X post , the AU BTC pool will operate with low latency. Con Kolivas stated that blocks generated from the AU BTC mining pool will be propagated between other sibling pools. Moreover, the AU BTC blocks will carry the same signature from the main CK pool but with the prefix “ckpoolau.” The developer clarified that miners will have the option to utilize other sibling pools for backup. The main solo CK pool covers most of the world, but with relatively lower latency. AU pool is likely Bitaxe dominated Con Kolivas predicted that the AU pool will comprise mostly of Bitaxe mining rigs. He also predicted that the AU pool will have the lowest hashrate compared to other solo CK pools. This is due to high electricity costs in Australia. Currently, the average cost of residential electricity in Australia is AUD 33 cents per kilowatt-hour (kWh), while commercial electricity costs between AUD 25 and AUD 45 cents per kWh. In the United States, the average residential electricity rate is USD 12.89 cents per kWh (AUD 19.6 cents), compared with AUD 33 cents per kWh in Australia . This is 60% of what Australians pay for each kilowatt-hour of electricity. The average Bitaxe rig hashrate ranges between 0.4–1.2 Terahash (TH/s). This means the electricity costs in Australia for running a Bitaxe solo miner will be AUD 16 cents per day at the average residential rate of AUD 33 cents, and between AUD 12 cents and AUD 22 cents per day at commercial rates of AUD 25 to 45 cents per kWh. While the daily costs seem minimal, the chance of solving a Bitcoin block and winning the mining fees of 3.175 BTC will take 14,075 years based on calculations from SoloChance . A Bitaxe rig tends to sell for roughly USD 150 each, and committed hobbyists usually run a cluster of 2 to 4 BTC rigs. Bitaxe Miner Solo Bitcoin miner racks in 3.175 BTC with 200 Ph/s Yesterday, Con Kolivas congratulated a solo miner for winning 3.175 BTC after solving block number 904,989. The miner solved the 302nd solo block with a huge hashrate of 200 petahashes per second (Ph/s). Con Kolivas wrote, “A miner of this size would solve a block once every ~35 days on average at current mining difficulty.” He further clarified that a miner of this size is probably renting hashrate. This is because the high hashrate of 200 Ph/s is much higher than the hashrate of available mining hardware. The developer said that this miner started mining Bitcoin on January 9, 2025. That’s around 7 months only. In 2017, Con Kolivas opened a shared Bitcoin mining pool with zero fees . The pool provided instant coinbase payment to miners. The developer created the pool as a service for the community. However, he shut it down in 2020 because it failed to attract enough hashrate to stay running. KEY Difference Wire helps crypto brands break through and dominate headlines fast
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WLFI Trading Proposal Shuts Up Trump Purse More Holdings of Donald Trump in cryptocurrency went up this week on the strength of a fresh tokenomics proposal by World Liberty Financial (WLFI), a decentralized finance project that has close links to the former U.S. president. On July 4, WLFI development team proposed trading its non-transferable governance token as a tradable asset pending community approval. Pre-market listing of WLFI has already emerged on MEXC, BingX, and LBank, attracting investor interest. Arkham Intelligence data shows Trump’s publicly tagged crypto wallet rose by nearly 2.5% in 24 hours, reaching $1.41 million—driven largely by renewed WLFI activity. WLFI: A Token with Presidential Ties Though WLFI’s tokens are not yet openly tradable, the project’s roadmap suggests approval could come by Q3 2025. Trump is identified as the platform’s “chief crypto advocate,” and he stands to gain significantly from the token’s future liquidity. Media reports and public revelations put Trump and his relatives at control of 22.5 billion WLFI tokens—over half the total. A family-affiliated entity is also due 75% of all token sales proceeds over $30 million. A Billion-Dollar Difference Between Public and Private Crypto Trump’s public wallet may show only a modest $1.41 million, but Forbes estimates his true crypto riches to be over $246 million of post-tax proceeds. That difference is a function of the composition of Trump’s crypto exposure. His public wallet is full of supporter-donated meme tokens like TROG and TRUMP, while his underlying assets appear to be held in private corporate vehicles. If trading on WLFI were to ever become de-locked, Trump’s exposure would one day be worth almost $1 billion, more than the combined value of Mar-a-Lago and Trump Tower together. Politics Meets Profits in a Regulatory Gray Zone The evolution of the WLFI token from a governance tool to a tradable asset breaks new ground in crypto innovation and political authority. Trump’s methodology—branding, speculation, and structural opacity—is familiar from his real estate and media playbook. But lawmakers are taking note. Last week, Senator Jeff Merkley proposed an amendment to restrict presidents from holding or promoting digital assets. Ethics groups like Public Citizen warn that Trump’s engagement with crypto sets a dangerous precedent for political profiteering in the decentralized economy.
BitcoinWorld Bitcoin Dominance: Unveiling the Surprising Strength Amidst Altcoin Rallies The cryptocurrency world is a dynamic realm, constantly evolving and often defying conventional wisdom. In a recent development that has captivated the crypto market, Bitcoin’s (BTC) dominance has demonstrated remarkable resilience, holding firm despite significant surges across the altcoin landscape. This intriguing phenomenon challenges traditional market interpretations and raises a pivotal question: What exactly is driving this unique market behavior, and what does it signal for the future of digital assets? Bitcoin Dominance: Unpacking Its Enduring Grip For many seasoned observers, a drop in Bitcoin Dominance (BTC.D) has historically been a strong precursor to an “altcoin season”—a period where alternative cryptocurrencies outperform Bitcoin significantly. However, as crypto analyst Matthew Hyland pointed out, and as reported by Cointelegraph, the current scenario paints a different picture. Despite recent impressive rallies from various altcoins, BTC.D has not seen the expected dramatic decline. Data from TradingView indeed shows a slight dip of merely 1.53% last week, a relatively minor fluctuation given the substantial gains recorded by many altcoins. This steadfastness in Bitcoin’s market share suggests a robust underlying strength. It implies that while altcoins are attracting considerable attention and capital, Bitcoin continues to be the primary gateway and holding asset for a large segment of investors. This stability in dominance, even amidst a vibrant altcoin surge, is a crucial indicator of the overall health and maturity of the digital asset space. Decoding the Altcoin Season: Is This Time Different? Traditionally, an altcoin season kicks off when investors rotate profits from Bitcoin into altcoins, causing BTC.D to fall sharply. This current cycle, however, presents a compelling deviation. The altcoin rally has occurred concurrently with Bitcoin maintaining its strong market position. This simultaneous growth suggests that the market isn’t merely reallocating existing capital from BTC to altcoins. Instead, a more significant trend appears to be at play: the inflow of new capital into the broader cryptocurrency ecosystem. Consider this: if existing capital were simply moving from Bitcoin to altcoins, Bitcoin’s dominance would plummet. The fact that it hasn’t, even with altcoins posting double-digit or even triple-digit gains in some cases, strongly supports the theory of fresh money entering the market. This new capital is not exclusively flowing into Bitcoin, nor is it solely targeting altcoins; it’s expanding the entire market pie, allowing both segments to grow in parallel. New Capital Inflows: Fueling the Broader Cryptocurrency Trends The concept of “new capital” is pivotal in understanding current cryptocurrency trends. This could stem from various sources: Institutional Investors: Increased adoption of crypto by traditional finance firms, hedge funds, and corporate treasuries. Retail Enthusiasm: A renewed wave of interest from individual investors, perhaps spurred by positive news cycles or mainstream adoption. Stablecoin Inflows: A rise in stablecoin market capitalization, often indicating sidelined capital waiting to be deployed into volatile assets. When new money flows into the market, it has the potential to elevate the valuations of both Bitcoin and altcoins. This broad-based liquidity can sustain rallies across the board, creating a more inclusive bull market where the gains are not zero-sum between BTC and its smaller counterparts. It’s a sign of a maturing market, where different segments can thrive simultaneously, rather than one at the expense of the other. What Does This Mean for BTC Price and Your Investment Strategy? For investors, understanding this dynamic is key. If new capital is indeed the primary driver, it bodes well for the long-term outlook of the entire crypto space, including the BTC price. A rising tide lifts all boats, and a continuous influx of fresh funds could push Bitcoin to new highs while also providing ample room for altcoins to flourish. However, it also presents a nuanced challenge: how to position your portfolio. While the “new capital” theory is optimistic, market dynamics can shift rapidly. A sudden decrease in new inflows or a rotation of existing capital could still impact dominance and altcoin performance. Navigating the Market: Actionable Insights for Investors Given these unique market conditions, what steps can investors take? Monitor Bitcoin Dominance Closely: While it’s holding strong, a significant break below key support levels could still signal a more aggressive altcoin rotation. Diversify Wisely: Consider a balanced portfolio that includes both Bitcoin for its foundational strength and well-researched altcoins with strong fundamentals and innovative use cases. Research Beyond Hype: In a market fueled by new capital, it’s easy for less robust projects to get carried away in the general euphoria. Focus on projects with clear utility, active development, and solid communities. Stay Informed: Keep abreast of macroeconomic factors, regulatory news, and major industry developments that could influence capital flows. Practice Risk Management: As always, invest only what you can afford to lose and consider setting stop-loss orders to protect your capital during volatile periods. A New Chapter for the Crypto Market? The current resilience of Bitcoin Dominance amidst surging altcoins is a fascinating development, hinting at a more profound shift in the crypto market. Matthew Hyland’s observation of new capital inflows provides a compelling explanation, suggesting that we might be witnessing a more expansive and inclusive bull market. This isn’t just a simple rotation of funds; it’s potentially a signal of growing mainstream adoption and increasing liquidity across the board. While the future remains unpredictable, this unique market phase offers exciting opportunities for investors who are prepared to understand and adapt to these evolving cryptocurrency trends. The stage is set for what could be a truly transformative period for digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin’s price action and the broader altcoin season. This post Bitcoin Dominance: Unveiling the Surprising Strength Amidst Altcoin Rallies first appeared on BitcoinWorld and is written by Editorial Team
Market data points to the beginning of the altcoin season, but there are worrying signals. This was announced by specialists at Santiment. Bitcoin has reached a new all-time high of over $118,000. Against this backdrop, most of the leading cryptocurrencies outperformed Bitcoin in terms of price performance over the past seven days. The largest Ethereum wallets (10,000 ETH or more) collectively own 75.74% of the coin's total supply. This is the highest level of concentration of the asset among whales since May 2017, and it acts as a ”powerful bullish signal,” the company's experts noted. The number of XRP wallets storing more than 1 million coins reached an all-time high of 2,743. The volume of cryptocurrency they hold has also increased. Both trends are a ”very positive sign” for the asset from Ripple, Santiment emphasized. Analysts estimate that the altcoin season will continue as long as Bitcoin holds above the key psychological level of $110,000. In such a situation, traders are comfortable redistributing profits from the growth of digital gold into other coins, they added. Experts advised remaining cautious The value of the MVRV metric for Bitcoin is one of the alarming signals. The ratio of market price to realized value of the asset has already surpassed the value recorded in May, which was followed by a correction after the previous all-time high. Santiment also drew attention to the leadership in weekly growth by the meme-coin segment—plus 17%. This potentially points to the concluding phase of the market rally, experts believe. ”When speculative assets lead the market, it could mean that greed is peaking,” they noted. For Ethereum, an alarming signal is the extremely optimistic sentiment regarding the asset. This usually indicates that a short-term price peak is approaching, Santiment said. CoinMarketCap's altcoin index is at 27. The value indicates that traders still favor Bitcoin. The dominance of the first cryptocurrency is 62.5%. Analyst Matthew Hyland noted that despite this, altcoins have shown impressive growth. However, the real rally will begin after Bitcoin's dominance is reduced to 45%, he believes.