An increase in liquidity in Bitcoin was observed in June. Bitcoin, which surpassed Ethereum last year, is showing bullish signals that have caught the attention of experts.
Market analysis firm Bitcoin Vector stated in an assessment shared on the social media platform X that capital has cautiously returned to the leading cryptocurrency by market value, which could be a sign of a strong upward movement. The firm emphasized that as of June, there has been a significant expansion in Bitcoin liquidity for the first time after the lowest level in three years. This situation creates a positive foundation for the sustainability of upward movements, despite the Bitcoin price consolidating slightly below its all-time high (ATH).
In Bitcoin Vector's statement, it was mentioned: “The expected signal has arrived: Bitcoin liquidity meaningfully expanded in June after hitting a three-year low. Although the price is consolidating below the ATH, this liquidity increase supports sustainable upward movements. Although there hasn’t been a breakout yet, it is a positive development.”
It was stated that capital has begun to return to the markets in a controlled manner, which could potentially trigger a new bull season. The simultaneous observation of changes in price structure and price momentum is evaluated as a situation frequently encountered at the beginning of strong upward movements in the past.
Technical Analysis and Historical Comparisons
Bitcoin Vector pointed out that there has been an important structural change in the market from a technical perspective and that price momentum is being reshaped. It noted that these two elements have previously led to significant price increases and that a similar scenario is forming again. The firm continued: “The ideal dual structure change and price momentum have also been confirmed this time. In the past, this situation supported bullish momentum and paved the way for strong upward movements. The same dynamics are in play again.”
Bitcoin and Ethereum Performance Comparison
In the past year, Bitcoin has gained superiority over Ethereum in terms of trading volume and price performance. Bitcoin appreciated by 74%, while Ethereum traded at $2,429.27, losing about 28% of its value.
With this development, Bitcoin's market dominance has significantly increased. Ethereum, on the other hand, lagged behind in terms of value and trading volume. Analysts indicate that Ethereum could show movements to close this gap in a short time. Bitcoin Vector summarized this situation as follows: “BTC has gained a distinct advantage over ETH; while BTC grew by 74%, ETH fell by 28%. However, this strengthening increases BTC’s dominance, while ETH is receiving less interest and its price is under pressure. The rotation season is approaching.”
At the time this article was prepared, Bitcoin was trading at around $107,140, while Ethereum was around $2,434, and both cryptocurrencies had recorded slight increases.
Overall market analyses indicate that the increase in liquidity in Bitcoin and technical indicators could herald a lasting upward trend. While Bitcoin has shown a more solid performance compared to Ethereum over the past year, it is anticipated that Ethereum may enter a more active recovery process in the future. Experts emphasize the importance of investors continuing to closely monitor market dynamics.
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