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Bitcoin on-chain data today 2025/6/8👇
$BTC100+ Big Whales Appeared Over the Weekend with an Outflow of -1015
The group of Bitcoin holders who have held Bitcoin for 6-12 months has not yet carried out a large-scale reduction in holdings
US dollars flow into the cryptocurrency market, with net outflows
Net inflow of fiat-backed stablecoins (USD stablecoins with market cap > 100M) A small amount of net inflow occurred
1. Greed and Fear Index Today: 55 Neutral Increased from yesterday
** Greed Panic/ Greed Index Interpretation
The behavior of the cryptocurrency market is very emotional. When the market is rising, people tend to be greedy and have a fear of missing out, and when the market is falling, they react irrationally by selling their cryptocurrencies.
With the help of the fear and greed index, we can help our friends get rid of the influence of their own emotional factors and make irrational judgments as much as possible.
There are two states:
Extreme fear indicates that investors are overly worried and could be a buying opportunity.
Being too greedy suggests that investors are too excited and the market may be due for a correction.
2. Bitcoin’s total market share: 63.29, the same as yesterday
**Bitcoin's total market share is a core indicator to measure Bitcoin's relative influence in the entire cryptocurrency market. This indicator not only reflects Bitcoin's short-term market position, but also reveals changes in capital rotation, investor sentiment and macro trends.
Bitcoin market share is a barometer for judging the market stage:
Early stage of bull market: market share increases, and funds are allocated to Bitcoin first.
Mid- to late-stage bull market: Market share declines, funds rotate to altcoins, triggering the “altcoin season”
Market thermometer: >60% = risk aversion; <40% = altcoin frenzy.
Fund flow chart: reveals the allocation preferences of institutions and retail investors (Bitcoin → stable, altcoin → high risk and high return)
Altcoin market share after excluding stablecoins 28.4
Market share of altcoins after removing Ethereum and stablecoins: 18.92
3. Bitcoin and Ethereum trading pair 0.023750 Ethereum to Bitcoin trading pair fell back
**The Bitcoin/Ethereum trading pair is the “risk thermometer” of the cryptocurrency market:
Ratio rises → market prefers high-risk assets (signal of the start of the altcoin season);
Ratio decreases → funds flee to Bitcoin (characteristic of a bear market or early bull market).
4. Bitcoin hash value indicator Buy signal triggered
Bitcoin Hash Rate Indicator Explained
The "hash value index" in Bitcoin is a core concept, which is directly related to the security of the blockchain, mining difficulty and network operation mechanism.
Historically, each green bar represents the triggering of a buy signal. This indicator usually occurs after the growth rate of BTC miners’ computing power slows down or there is a large-scale decline.
5. On-chain BTC retail, large, and institutional buying and selling data statistics. Big whales have a net outflow over the weekend
Thanks to @交易扑克大 for providing data collation and sharing
Data description: Represents the increase or decrease of on-chain flow of ≤ 1 BTC, 1-10 BTC, 10-100 BTC, and 100+ BTC respectively. This data can reflect the market sentiment of retail investors, large investors, and institutions.
Data description: This data reflects the increase or decrease of on-chain flows of ≤ 1 BTC, 1-10 BTC, 10-100 BTC, and 100+ BTC within a week. This data can intuitively reflect the flow trend of BTC among retail investors, large investors, and institutions in the market.
When an extreme situation occurs in the on-chain data, a reversal often occurs (for example, if a large whale with more than 100 BTC on the chain buys a large amount, while others sell, the probability of Bitcoin rising greatly increases, and vice versa). At the same time, it is necessary to combine the analysis with other on-chain data and technical indicators.
The group of Bitcoin holders who have held Bitcoin for 6-12 months has not yet carried out a large-scale reduction in holdings
6. US dollars flow into the cryptocurrency market, with net outflows
7. Net inflow of fiat-backed stablecoins (USD stablecoins with market value > 100M) A small amount of net inflow has occurred
The above data only represents the prediction of BTC volatility trend and market sentiment from the perspective of on-chain data, and does not represent any investment advice. Please make your decision carefully! !
Chatting about altcoins on the weekend: Bitcoin has entered a critical area, where will altcoins go?
1. Market Status and Recent Performance
Differentiation of capital flows
Bitcoin market share fluctuates: Bitcoin's market share rose from a low of 60.7% on May 14 to 62.29% on June 8, indicating that mainstream funds are still in Bitcoin and have not yet formed a trend of sustained flow to altcoins.
Trading volume surges but is concentrated: the total trading volume of altcoins is mainly concentrated in leading tokens such as Ethereum (ETH) and Solana (SOL), while small and medium-sized altcoins are unable to follow the rise.
Market capitalization share is sluggish: The total market capitalization of altcoins excluding Ethereum and stablecoins has a market share of 18.92%, far lower than 38.7% in the 2021 bull market, reflecting that funds are still focused on Bitcoin and a few mainstream altcoins.
2. Potential Catalysts and Market Turning Points
Regulatory policy breakthrough
Progress of the GENIUS Act: If the US Senate passes the bill, it will provide a clear framework for stablecoins, attract institutional funds, and indirectly promote the liquidity of altcoins.
A large number of mainstream altcoin ETFs are expected: If the SEC approves spot ETFs, it may replicate the capital siphoning effect of Bitcoin ETFs and drive up the altcoins associated with ETFs.
Macroeconomic shift
Expectations of Fed rate cuts: The market is betting on a 0.5 percentage point rate cut in September, which, if realized, will stimulate appetite for risky assets. Historical data shows that the average return rate of altcoins during rate cut cycles is 120% (such as 2019-2020).
Weaker dollar: Tariff policies push up inflation, but if interest rate cuts are implemented, a decline in the US dollar index may boost overall liquidity in the crypto market.
Technical signals and cycle laws
Altcoin Seasonal Index bottoms out: The current index value is 22 (below 25 is "Bitcoin Season"), close to the historical cycle reversal threshold.
ETH/BTC ratio rebounds: The ratio is currently at 2.375%. If it continues to break upward, it may trigger a large-scale rotation of funds into altcoins.
3. Market analysis:
Bitcoin continues to rebound upward and is now close to 106,300, but it should be noted here that before the daily level clearly stands above 106,300, we must always maintain a bearish mindset, but if this level is broken, we need to change our mindset.
The most important thing today is to pay attention to the signal of market pressure decline at 106,300.
Judging from the support data, there is still no change. US$93,000 to US$98,000 is still the best support, and the chips between US$100,000 and US$105,000 continue to accumulate. For the time being, this range is still relatively stable.
4. Focus on altcoins
Public chain sector: TRX, AVAX, ADA
Ai plate: TAO
RWA board: ONDO
Oracle: LINK
DeFi: AAVE
V. Comprehensive review:
The trend of Bitcoin has a great impact on altcoins. Before Bitcoin has a clear direction, altcoins are still in a downturn. The participation sentiment of retail investors is far from reaching FOMO. The entry of new funds from the OTC market also requires a major news to attract many retail investors to have great expectations for the future market, thereby truly triggering the altcoin season.
At present, the price of $BTC is still quite stable. It is very likely that the market has good expectations for the China-US talks that will start on Monday, but it should be Tuesday Beijing time. Just relax over the weekend and fight again next week.
I am Mingzhu. Follow me and I will share real-time data and dynamics on the chain every day to help my friends predict and make decisions. Don’t miss the excitement. Welcome to leave a message for discussion.
