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According to Foresight News, Matrixport’s daily chart analysis paints a strong long-term picture for the crypto market.
📊 Key Highlights
Total crypto market cap is projected to grow from just over $1T (end-2023) to nearly $3.9T by 2025.
The market structure is becoming stronger and more mature.
Every consolidation phase is holding above the previous cycle’s high, signaling deeper institutional participation and healthier long-term holdings.
📉 Short-Term vs Long-Term
Despite a recent pullback to around $3T, the overall trend remains bullish.
The formation of higher lows shows a solid foundation and sustained investor confidence.
#BreakingNews #CryptoMarket #Matrixport #MarketCap #BullishOutlook📈
📊 Key Highlights
Total crypto market cap is projected to grow from just over $1T (end-2023) to nearly $3.9T by 2025.
The market structure is becoming stronger and more mature.
Every consolidation phase is holding above the previous cycle’s high, signaling deeper institutional participation and healthier long-term holdings.
📉 Short-Term vs Long-Term
Despite a recent pullback to around $3T, the overall trend remains bullish.
The formation of higher lows shows a solid foundation and sustained investor confidence.
#BreakingNews #CryptoMarket #Matrixport #MarketCap #BullishOutlook📈
🚨 Bitcoin’s Recovery Faces Challenges Amid U.S. Stimulus Hopes 🇺🇸💸
According to Matrixport’s latest analysis via PANews, the recent market dip may be entering a favorable risk-reward zone. 👀
The RSI has dropped to 35, often seen as a signal for technical buying opportunities 📊 — but momentum still depends on fresh macroeconomic catalysts.
Short-term triggers include the potential resolution of the U.S. government shutdown this week and President Donald Trump’s hint at sending $2,000 stimulus checks to Americans 💵 — sparking memories of the 2020–2021 retail-driven rally 📈
Still, with ETF outflows continuing and institutional caution high, Bitcoin’s rebound might stay limited in the short term ⚖️
A real trend reversal will need a mix of financial and fundamental drivers 🔍
#CryptoNews #MarketUpdate #Matrixport #CryptoAnalysis #Trump #Stimulus #CryptoMarket #BTCPrice 🚀📉💰
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🚨 Ethereum Alert! Is $4180 the Line of Life and Death? Institutions Struggling to Support the Market!
Matrixport's latest insights have doused cold water on ETH bulls! Key points to watch:
1️⃣ Is the institution 'dancing alone'? Currently, the inflow of funds into the Ethereum ETF relies entirely on large 'treasury-like' institutions! Want to continue rising? It depends on whether these big players are willing to keep pouring money in. The problem is, the on-chain real activity remains sluggish; relying solely on a few big players buying, how far can it go? 🤔
2️⃣ Stablecoins are 'too far to save the day'! Although ETH is the main battlefield for stablecoin issuance, with a bright future, this good news is a mid-to-long-term 'pie'! Want to rely on it for a short-term pump? Wake up, the income contribution is negligible! 💸
3️⃣ Technical alarm is ringing! ⚠️ $4180 is an absolutely critical support level! Matrixport clearly warns: if this level cannot be held, be prepared for a deeper pullback! The bears may counterattack at any time!
📌 In summary: In the short term, ETH's lifeline depends on institutional funds + holding $4180! The on-chain coldness + slow realization of stablecoin benefits makes the rebound particularly fragile!
🤔 What do you think?
Will big institutions continue to increase their positions in ETH ETF?
Can $4180 hold? Or do we need to look for support at lower levels?
When will on-chain activity pick up? This is the foundation of a real bull market!
#以太坊 #ETH #加密货币 #行情分析 #Matrixport
Matrixport's latest insights have doused cold water on ETH bulls! Key points to watch:
1️⃣ Is the institution 'dancing alone'? Currently, the inflow of funds into the Ethereum ETF relies entirely on large 'treasury-like' institutions! Want to continue rising? It depends on whether these big players are willing to keep pouring money in. The problem is, the on-chain real activity remains sluggish; relying solely on a few big players buying, how far can it go? 🤔
2️⃣ Stablecoins are 'too far to save the day'! Although ETH is the main battlefield for stablecoin issuance, with a bright future, this good news is a mid-to-long-term 'pie'! Want to rely on it for a short-term pump? Wake up, the income contribution is negligible! 💸
3️⃣ Technical alarm is ringing! ⚠️ $4180 is an absolutely critical support level! Matrixport clearly warns: if this level cannot be held, be prepared for a deeper pullback! The bears may counterattack at any time!
📌 In summary: In the short term, ETH's lifeline depends on institutional funds + holding $4180! The on-chain coldness + slow realization of stablecoin benefits makes the rebound particularly fragile!
🤔 What do you think?
Will big institutions continue to increase their positions in ETH ETF?
Can $4180 hold? Or do we need to look for support at lower levels?
When will on-chain activity pick up? This is the foundation of a real bull market!
#以太坊 #ETH #加密货币 #行情分析 #Matrixport
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🔥🔥🔥 Forecast #Matrixport for 2025.
Matrixport analysts believe that the target of $BTC in 2025 is the $160,000 mark ✔️
Growth drivers:
🟢 Institutional demand for Bitcoin ETF;
🟢 Increase in the money supply of global central banks (M2);
🟢 Favorable macroeconomic environment and regulatory prospects.
What is your opinion, what is the maximum $BTC we will see?
#BitcoinKeyZone
Matrixport analysts believe that the target of $BTC in 2025 is the $160,000 mark ✔️
Growth drivers:
🟢 Institutional demand for Bitcoin ETF;
🟢 Increase in the money supply of global central banks (M2);
🟢 Favorable macroeconomic environment and regulatory prospects.
What is your opinion, what is the maximum $BTC we will see?
#BitcoinKeyZone
🚀 #bitcoin ETF Selling Slows—What’s Next? 🚀
Hedge funds unwinding basis trades may be behind the slowdown in $BTC ETF selling—not Trump’s crypto reserve plan, says #Matrixport .
The slowdown in #BitcoinETFs selling suggests that market forces, not just political developments, are shaping crypto trends. If hedge funds reevaluate arbitrage spreads, #ETF selling could ease further.
Meanwhile, Trump's crypto reserve plan continues to stir market excitement #MarketRebound
#Write2Earn
Hedge funds unwinding basis trades may be behind the slowdown in $BTC ETF selling—not Trump’s crypto reserve plan, says #Matrixport .
The slowdown in #BitcoinETFs selling suggests that market forces, not just political developments, are shaping crypto trends. If hedge funds reevaluate arbitrage spreads, #ETF selling could ease further.
Meanwhile, Trump's crypto reserve plan continues to stir market excitement #MarketRebound
#Write2Earn
🚨 Matrixport Moves $452M in Ethereum Amid New ATH
🗓 On August 22, Ethereum surged to a new all-time high, fueled by dovish signals from Fed Chair Jerome Powell, hinting at potential rate cuts in September. Amid this rally, Matrixport made major moves that caught the crypto community’s attention:
✅ 95,873 $ETH (~$452M) transferred to Binance and OKX
✅ 2,300 $BTC (~$272M) withdrawn from the same exchanges
✅ Analysts interpret this as portfolio balancing between ETH and BTC
📢 The transfers sparked debate:
▫️ Some see this as strategic portfolio management
▫️ Others worry about potential short-term pressure on ETH prices
💡 Takeaway: Whale activity continues to influence crypto markets, even during bullish runs. Understanding these moves is critical for traders and institutional investors seeking to navigate volatility.
#Ethereum #Crypto #Blockchain #Matrixport #DeFi
https://coingape.com/matrixport-moves-452m-in-eth-as-ethereum-hits-new-high-sell-off-ahead/?utm_source=bnb&utm_medium=coingape
🗓 On August 22, Ethereum surged to a new all-time high, fueled by dovish signals from Fed Chair Jerome Powell, hinting at potential rate cuts in September. Amid this rally, Matrixport made major moves that caught the crypto community’s attention:
✅ 95,873 $ETH (~$452M) transferred to Binance and OKX
✅ 2,300 $BTC (~$272M) withdrawn from the same exchanges
✅ Analysts interpret this as portfolio balancing between ETH and BTC
📢 The transfers sparked debate:
▫️ Some see this as strategic portfolio management
▫️ Others worry about potential short-term pressure on ETH prices
💡 Takeaway: Whale activity continues to influence crypto markets, even during bullish runs. Understanding these moves is critical for traders and institutional investors seeking to navigate volatility.
#Ethereum #Crypto #Blockchain #Matrixport #DeFi
https://coingape.com/matrixport-moves-452m-in-eth-as-ethereum-hits-new-high-sell-off-ahead/?utm_source=bnb&utm_medium=coingape
🚨 Matrixport Warns: Bitcoin Rally May Pause Before Next Leg Up
Desite Bitcoin’s strong bullish momentum in recent weeks, crypto finance firm Matrixport is sounding a cautious note. In its latest “Matrix on Target” report, the firm suggests that BTC may face a short-term correction — even as broader macroeconomic conditions remain favorable.
📉 Short-Term Correction Ahead?
Matrixport analysts note that although BTC $BTC
has climbed steadily from $16,000 over the past 18 months, several key indicators now suggest a pause or pullback may be imminent.
🔹 Support Range: $106,000–$108,000
🔹 Target Resistance: $122,000
🔹 Timeframe: Possible consolidation in the next 1–2 months
While the long-term trend remains intact, the report highlights that technical momentum is weakening, pointing toward a healthy cooling-off phase before any attempt to break above $122,000.
⚠️ RSI Signals Overbought Territory
Technically speaking, Bitcoin is showing signs of being overbought:
The Relative Strength Index (RSI) has climbed above 70 — often a red flag for short-term corrections.
Matrixport suggests that a pullback to the $106K–$108K zone could act as a springboard for the next leg up.
This correction, they argue, would be part of a healthy market cycle, rather than the end of the bull run.
🏦 Macroeconomic Winds Are Favorable — For Now
The firm also acknowledges that U.S. macroeconomic conditions remain supportive:
June inflation fell to 2.8%, below expectations
Hopes are rising for a Federal Reserve rate cut
While these developments are buoying investor sentiment, Matrixport cautions that “over-optimism” could introduce downside risk, especially if the Fed delays action.
🗓️ The July 30 FOMC meeting could bring signals, but September remains the more realistic window for an actual rate cut.
⚡ Watch for Technical Patterns: Blow-Off Tops & Double Tops?
The report concludes with a warning: rapid price spikes can lead to classic technical traps, such as:
Blow-off tops — sharp highs followed by rapid declines
Double tops — potential reversal formations that can signal trend exhaustion
🔍 Final Take
While Matrixport believes Bitcoin’s long-term bullish structure remains solid, short-term caution is warranted. A correction could set the stage for stronger gains — but only if support at $106K holds.
📢 What do you think? Will BTC pull back before pushing to $122K? Or are bulls ready to break through resistance?
#bitcoin #Matrixport #CryptoNewss #Binance
📉 Short-Term Correction Ahead?
Matrixport analysts note that although BTC $BTC
has climbed steadily from $16,000 over the past 18 months, several key indicators now suggest a pause or pullback may be imminent.
🔹 Support Range: $106,000–$108,000
🔹 Target Resistance: $122,000
🔹 Timeframe: Possible consolidation in the next 1–2 months
While the long-term trend remains intact, the report highlights that technical momentum is weakening, pointing toward a healthy cooling-off phase before any attempt to break above $122,000.
⚠️ RSI Signals Overbought Territory
Technically speaking, Bitcoin is showing signs of being overbought:
The Relative Strength Index (RSI) has climbed above 70 — often a red flag for short-term corrections.
Matrixport suggests that a pullback to the $106K–$108K zone could act as a springboard for the next leg up.
This correction, they argue, would be part of a healthy market cycle, rather than the end of the bull run.
🏦 Macroeconomic Winds Are Favorable — For Now
The firm also acknowledges that U.S. macroeconomic conditions remain supportive:
June inflation fell to 2.8%, below expectations
Hopes are rising for a Federal Reserve rate cut
While these developments are buoying investor sentiment, Matrixport cautions that “over-optimism” could introduce downside risk, especially if the Fed delays action.
🗓️ The July 30 FOMC meeting could bring signals, but September remains the more realistic window for an actual rate cut.
⚡ Watch for Technical Patterns: Blow-Off Tops & Double Tops?
The report concludes with a warning: rapid price spikes can lead to classic technical traps, such as:
Blow-off tops — sharp highs followed by rapid declines
Double tops — potential reversal formations that can signal trend exhaustion
🔍 Final Take
While Matrixport believes Bitcoin’s long-term bullish structure remains solid, short-term caution is warranted. A correction could set the stage for stronger gains — but only if support at $106K holds.
📢 What do you think? Will BTC pull back before pushing to $122K? Or are bulls ready to break through resistance?
#bitcoin #Matrixport #CryptoNewss #Binance
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🚨 Matrixport: Crypto company IPOs are capable of extending the bull run of $BTC! 🚀
While the market discusses: "Is there a redistribution starting in altcoins?", Matrixport analysts state directly:
👉 Yes, Bitcoin can conquer new price horizons — but only if it maintains its "exclusive liquidity inflow channels" unavailable to altcoins.
And here is one of those channels — the wave of IPOs of crypto companies in 2025. 💼
👉 Yes, Bitcoin can conquer new price horizons — but only if it maintains its "exclusive liquidity inflow channels" unavailable to altcoins.
And here is one of those channels — the wave of IPOs of crypto companies in 2025. 💼
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🚨Ethereum Market Alert! Matrixport says a significant pullback is coming?
There's more gossip in the crypto world 🍉 On November 3rd, Matrixport stirred things up by releasing a market outlook stating that the Ethereum ETF's performance this month has been extremely lackluster, signaling something is brewing!
Let's take a look at historical data 👀 In July and August, the Ethereum ETF was practically a “cash magnet,” recording strong net inflows of $5.2 billion and $4.3 billion respectively, truly a traffic driver.
However, by September, it hit the brakes hard, with net inflows dropping to $300 million, and it got worse in October, only $600 million, and subsequent capital inflows were visibly lagging behind; who understands this sense of disparity!
Here comes the key point ⚠️ Recently, the buying structure of Ethereum has been super concentrated, mainly relying on Bitmine's frantic output.
Matrixport warns: If no new institutional funds come in to “save the day,” ETH is likely to maintain consolidation, and it could even face a significant pullback; this risk signal is firmly grasped 📉
Let's talk about Bitmine's Net Asset Value (NAV), which is now slightly above the issuance level. While it can continue to increase shares to attract incremental funds, this will dilute the rights of existing holders. How sustainable is this? We all have to question it ❓
The crypto market is changing rapidly; whether Ethereum is consolidating before a pullback or truly about to “dive,” it all depends on whether new funds come in to turn the tide!
To all the crypto players, hold tight to your wallets, keep a close eye on the market, and let's see how this grand performance unfolds 🎬 Any new developments, we'll keep chatting～@财神极致玩家
#ETH🔥🔥🔥🔥🔥🔥
#币圈预警 #Matrixport
#行情分析📈
There's more gossip in the crypto world 🍉 On November 3rd, Matrixport stirred things up by releasing a market outlook stating that the Ethereum ETF's performance this month has been extremely lackluster, signaling something is brewing!
Let's take a look at historical data 👀 In July and August, the Ethereum ETF was practically a “cash magnet,” recording strong net inflows of $5.2 billion and $4.3 billion respectively, truly a traffic driver.
However, by September, it hit the brakes hard, with net inflows dropping to $300 million, and it got worse in October, only $600 million, and subsequent capital inflows were visibly lagging behind; who understands this sense of disparity!
Here comes the key point ⚠️ Recently, the buying structure of Ethereum has been super concentrated, mainly relying on Bitmine's frantic output.
Matrixport warns: If no new institutional funds come in to “save the day,” ETH is likely to maintain consolidation, and it could even face a significant pullback; this risk signal is firmly grasped 📉
Let's talk about Bitmine's Net Asset Value (NAV), which is now slightly above the issuance level. While it can continue to increase shares to attract incremental funds, this will dilute the rights of existing holders. How sustainable is this? We all have to question it ❓
The crypto market is changing rapidly; whether Ethereum is consolidating before a pullback or truly about to “dive,” it all depends on whether new funds come in to turn the tide!
To all the crypto players, hold tight to your wallets, keep a close eye on the market, and let's see how this grand performance unfolds 🎬 Any new developments, we'll keep chatting～@财神极致玩家
#ETH🔥🔥🔥🔥🔥🔥
#币圈预警 #Matrixport
#行情分析📈
468 Million BTC Just Vanished From Binance
Matrixport, one of Asia's largest crypto giants, just executed a massive maneuver. They pulled 5,805 $BTC staggering $468 million—off the Binance exchange in a single 24-hour window. This is not retail noise. When institutions make moves of this scale, it signals deep conviction and serious institutional consolidation. Watch $BTC liquidity closely. The smart money is accumulating aggressively. Are they preparing for the real breakout? $ZEC
NFA/DYOR. This is not financial advice.
#CryptoNews #BTC #Matrixport #OnChain 🚀
Matrixport, one of Asia's largest crypto giants, just executed a massive maneuver. They pulled 5,805 $BTC staggering $468 million—off the Binance exchange in a single 24-hour window. This is not retail noise. When institutions make moves of this scale, it signals deep conviction and serious institutional consolidation. Watch $BTC liquidity closely. The smart money is accumulating aggressively. Are they preparing for the real breakout? $ZEC
NFA/DYOR. This is not financial advice.
#CryptoNews #BTC #Matrixport #OnChain 🚀
Top stories of the day:
#Fidelity Fund Acquires Shares in Bitcoin Treasury Company
#Matrixport : Strategy Unlikely to Sell Bitcoin for Debt Repayment Despite Stock Decline
#US Government Reopens, but Market Liquidity Stagnates as Bitcoin Breaks Key Levels
"Disclaimer _ Source: #BinanceNews / Bitdegree / Coindesk / Coinmarketcap / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
#Fidelity Fund Acquires Shares in Bitcoin Treasury Company
#Matrixport : Strategy Unlikely to Sell Bitcoin for Debt Repayment Despite Stock Decline
#US Government Reopens, but Market Liquidity Stagnates as Bitcoin Breaks Key Levels
"Disclaimer _ Source: #BinanceNews / Bitdegree / Coindesk / Coinmarketcap / Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
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NEWS
Matrixport: BTC is regaining momentum, bearish sentiment is weakening, and ETF flows are becoming a key catalyst.
Analysts #Matrixport export, who have released the last 2-3 reports on market prospects with noticeable bearish tones, are talking positively again. The reason is that after several weeks of consolidation around the 21-week moving average, #BTC is showing signs of revival again.
Analysts #Matrixport export, who have released the last 2-3 reports on market prospects with noticeable bearish tones, are talking positively again. The reason is that after several weeks of consolidation around the 21-week moving average, #BTC is showing signs of revival again.
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Matrixport- NEWS🌤️
Matrixport: BTC is regaining momentum, bearish sentiment is weakening, and ETF flows are becoming a key catalyst.
Analysts #Matrixport , who released 2-3 of their latest reports on market prospects with noticeable bearish tones, are talking about positivity again. The reason is that after several weeks of consolidation around the 21-week moving average, #BTC is showing signs of revival again.
Analysts #Matrixport , who released 2-3 of their latest reports on market prospects with noticeable bearish tones, are talking about positivity again. The reason is that after several weeks of consolidation around the 21-week moving average, #BTC is showing signs of revival again.
$ASTER
On-Chain Alert 🚨
A wallet linked to Matrixport has withdrawn 3M $ASTER (≈ $2.84M) from Binance, signaling a notable on-chain move.
This wallet now holds a total of 5M $ASTER , valued at approximately $4.71M. Large exchange outflows like this are often interpreted as reduced sell-side pressure and potential long-term positioning.
Keep an eye on follow-up activity and price reaction, as movements from institutional-linked wallets can influence short-term sentiment.
#ASTER #OnChainData #Matrixport #CryptoNews 🔍📊
On-Chain Alert 🚨
A wallet linked to Matrixport has withdrawn 3M $ASTER (≈ $2.84M) from Binance, signaling a notable on-chain move.
This wallet now holds a total of 5M $ASTER , valued at approximately $4.71M. Large exchange outflows like this are often interpreted as reduced sell-side pressure and potential long-term positioning.
Keep an eye on follow-up activity and price reaction, as movements from institutional-linked wallets can influence short-term sentiment.
#ASTER #OnChainData #Matrixport #CryptoNews 🔍📊
Binance Market Update: Crypto Market Trends | September 9, 2025
Top stories of the day:
Senate Democrats Propose Framework for Cryptocurrency Market Reform
#NASDAQ to Tighten Oversight of Crypto Treasury Companies
Altcoin Market Sees Recovery as Bitcoin and Ethereum Market Share Declines
Bitcoin Price Cycle Shows Mature Bull Phase After Halving
#Matrixport : Trump’s Growing Fed Influence and $5T Debt Ceiling Deal Fuel Gold, Tokenized Gold Demand
#SEC Commissioner Warns of Regulatory Challenges for Centralized Layer 2 Blockchains
Analysis: Ethereum ETF Inflows Do Not Equate to Spot Market Buying Pressure
HSBC Forecasts Bank of England to Resume Rate Cuts in April 2026
#Kyrgyzstan 's Finance Minister Proposes Strategic Bitcoin Reserve
#JPMorgan Predicts Potential Market Reaction to Anticipated Fed Rate Cut
$BTC $ETH
Top stories of the day:
Senate Democrats Propose Framework for Cryptocurrency Market Reform
#NASDAQ to Tighten Oversight of Crypto Treasury Companies
Altcoin Market Sees Recovery as Bitcoin and Ethereum Market Share Declines
Bitcoin Price Cycle Shows Mature Bull Phase After Halving
#Matrixport : Trump’s Growing Fed Influence and $5T Debt Ceiling Deal Fuel Gold, Tokenized Gold Demand
#SEC Commissioner Warns of Regulatory Challenges for Centralized Layer 2 Blockchains
Analysis: Ethereum ETF Inflows Do Not Equate to Spot Market Buying Pressure
HSBC Forecasts Bank of England to Resume Rate Cuts in April 2026
#Kyrgyzstan 's Finance Minister Proposes Strategic Bitcoin Reserve
#JPMorgan Predicts Potential Market Reaction to Anticipated Fed Rate Cut
$BTC $ETH
Institutions are accumulating $ETH!
A wallet possibly linked to #Matrixport withdrew 40,734 $ETH($104M) from #Binance and #OKX over the past 24 hours.
Abraxas Capital withdrew 48,823 $ETH($126M) from #Binance and #Kraken over the past 24 hours.
#dyor
A wallet possibly linked to #Matrixport withdrew 40,734 $ETH($104M) from #Binance and #OKX over the past 24 hours.
Abraxas Capital withdrew 48,823 $ETH($126M) from #Binance and #Kraken over the past 24 hours.
#dyor
🚀 [Matrixport: Bitcoin breaks triangle consolidation — bullish continuation signal!]
📉 Key insights:
🔹 BTC breaks short-term downtrend
🔹 Triangle breakout often signals trend continuation
🔹 Strong rally driven by fresh capital inflows
🔹 Tariff concerns easing; CPI risk seen as limited
🔹 Bullish momentum intact as long as BTC stays above $105,075
🧠 Insight: Contrary to expectations of a quiet summer, BTC is gaining steam. With only one Fed rate cut now expected, the strong macro backdrop adds fuel to the fire.
#Bitcoin #BTC #Matrixport
📉 Key insights:
🔹 BTC breaks short-term downtrend
🔹 Triangle breakout often signals trend continuation
🔹 Strong rally driven by fresh capital inflows
🔹 Tariff concerns easing; CPI risk seen as limited
🔹 Bullish momentum intact as long as BTC stays above $105,075
🧠 Insight: Contrary to expectations of a quiet summer, BTC is gaining steam. With only one Fed rate cut now expected, the strong macro backdrop adds fuel to the fire.
#Bitcoin #BTC #Matrixport
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📉🤔 Matrixport: The cryptocurrency market is waiting for a major catalyst while retail interest remains low
💥 BREAKING:
THE WHITE HOUSE CONFIRMS THAT THE TREASURY AND U.S. COMMERCE ARE COMMITTED TO PURCHASING #BITCOIN FOR STRATEGIC RESERVES!
EXTREMELY BULLISH 🚀
#MarketPullback #solana #ETH #BTC #Matrixport $BTC $ETH $SOL
💥 BREAKING:
THE WHITE HOUSE CONFIRMS THAT THE TREASURY AND U.S. COMMERCE ARE COMMITTED TO PURCHASING #BITCOIN FOR STRATEGIC RESERVES!
EXTREMELY BULLISH 🚀
#MarketPullback #solana #ETH #BTC #Matrixport $BTC $ETH $SOL
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Bitcoin dominance reaches its highest level in four years: Details
Bitcoin's dominance in the market surpassed 62%, the highest level since March 2021, despite a price correction of 29%.
Despite a slight increase on February 3, the upward trend has recently appeared more sustainable.
Since December, Bitcoin's dominance share has gradually risen from 55%, which has shattered hopes for an altcoin season.
The platform "Matrixport" indicated that the increase in dominance is a sign of declining investor interest in altcoins in favor of Bitcoin, which continues to outperform despite the recent decline.
Analysts believe that reaching 70% dominance could represent the peak of the current cycle, while most altcoins remain below 50% of their previous highs.
Ethereum was the most affected, as its market share dropped to 8.5%, the lowest level in five years, and the price of the coin fell below $1,800, with continued weakness against Bitcoin.
Solana, which heavily relies on meme coins, lost 60% of its value over two months, while its revenues dropped by 90%.
As for Cardano and Dogecoin, they are still down 76% from their peaks, while coins like LINK, XLM, AVAX, SHIB, BCH, LTC, and DOT have suffered losses exceeding 70% from their previous highs.
Bitcoin's dominance in the market surpassed 62%, the highest level since March 2021, despite a price correction of 29%.
Despite a slight increase on February 3, the upward trend has recently appeared more sustainable.
Since December, Bitcoin's dominance share has gradually risen from 55%, which has shattered hopes for an altcoin season.
The platform "Matrixport" indicated that the increase in dominance is a sign of declining investor interest in altcoins in favor of Bitcoin, which continues to outperform despite the recent decline.
Analysts believe that reaching 70% dominance could represent the peak of the current cycle, while most altcoins remain below 50% of their previous highs.
Ethereum was the most affected, as its market share dropped to 8.5%, the lowest level in five years, and the price of the coin fell below $1,800, with continued weakness against Bitcoin.
Solana, which heavily relies on meme coins, lost 60% of its value over two months, while its revenues dropped by 90%.
As for Cardano and Dogecoin, they are still down 76% from their peaks, while coins like LINK, XLM, AVAX, SHIB, BCH, LTC, and DOT have suffered losses exceeding 70% from their previous highs.
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