This wave of explosive growth is a concentrated outbreak of the 'pent-up market'.
Bitcoin surged to 119,800, #ETH touched 3940, and altcoins also experienced a wave of broad gains. What was released this time was the 'heat' that was suppressed by tariffs, negotiations, and uncertainties over the past week. The only uncertainty might be Canada — the market expects it might be hard to resolve before August 1, and it may need to be postponed.
Overall, this week is the rhythm of 'bad news has all been released'! So, this week is likely a window for good news to gradually land.
Do you need to read the previous article for the data to focus on this week?
The 'mixed feelings' of BNB's new high
To be honest, when I woke up this morning and saw #BNB hitting new highs, I should be happy. But thinking about the BNB I lost previously, my mood instantly dropped. However, the lone #CAKE gave me a small opportunity to cash out.
This time, BSC seems less like a short-term speculation and more like a 'bottom-building bull market'.
#SOL over there, Bonk ecosystem's #useless has been listed by Binance Alpha, which is already a signal: projects on Solana are starting to lay out on BSC, indicating that cross-chain rotation is about to begin. Last night, #Sendit just took off; I especially went to check the founder's dynamics, and it felt very much like 'Old Bu' from back in the day: whether in interactions, DMs, or community engagement, they seem very diligent and appear to be serious about their work. If it’s not just a pump-and-dump, it might be worth holding for the long term, and it's worth continuing to observe.
ETH 'takes the lead', institutions have just begun
To be honest, this week is really #Ethereum's home turf.
In terms of ETFs, Ethereum attracted 1.846 billion last week, 25 times that of Bitcoin, making it the strongest week ever. What’s even more shocking is that 80% of the inflow came from BlackRock. This indicates that significant outside capital is just starting to enter, and the follow-up second- and third-tier institutions are just preparing to come in.
And the on-chain ETH battle is also exceptionally fierce. BMNR's ETH reserves have exceeded 567,000, leaving SBET far behind. I mentioned in previous articles that the real main force in this bull market comes from treasury funds + ETF funds + institutional investors; their entry has pushed up the average holding costs, raising Ethereum's 'ceiling' higher and higher.
Before every main rising wave, it’s always this kind of rhythm: outside capital enters, drastic turnover occurs inside, and the coin price becomes increasingly stable under unlocking pressure. If ETH breaks 4000 again or even hits a new ATH, those 'tiered' altcoins will definitely explode one after another; this has been proven in past bull markets.
Did everyone follow up on yesterday's warning?
Evening altcoin recap: Who will take off next, HYPE, SEI, or SUI?
🔹$HYPE : Bull flag accumulates strength, the strong remain strong
I am already on the train; the bullish structure is obvious in 15 minutes. While other altcoins are correcting, it doesn’t drop, indicating that the main player is clearly supporting the bottom. The daily line is just one big green candle away from igniting; the fundamentals go without saying, as HSI, backed by Wall Street, is following the MicroStrategy logic, aiming to collect $900 million in HYPE, with whales continuously accumulating.
The key technical level is $42.5 - $44.5; as long as it breaks through, we look directly towards the $50 - $60 range.
🔹$SEI : After adjustment, preparing for a second attack
SEI has recently shown significant adjustments, but the structure hasn't broken. Currently, it's bottoming out in the support area of 0.34, RSI remains healthy, and the price is consolidating in the mid-range, clearly a period of accumulation by the main players. Once it firmly stands above 0.3698 again, there’s considerable room for growth.
🔹$SUI : Harmony surges, preparing to break historical highs
SUI is the project that caught my attention today. Harmony surged 60% in 48 hours, from 1.6 billion to 2.6 billion, with extremely high futures sentiment, and DeFi data also set a new quarterly high, indicating real demand.
Currently testing the January high of 4.71; if broken, the next target is 5.38.
Summary:
In terms of overall rhythm, this wave of increase is still halfway through; the real altcoin market is likely to explode when ETH breaks 4000 or reaches new highs. Capital has started to rotate, and on-chain major players are beginning to bet on leaders.
For short-term trading, focus on strong trending coins, those with bullish structures, and projects backed by capital or exchanges; for the medium term, ETH-related narratives remain the most stable and optimal solution — it can drive much more than you see.
So, if you feel absent from the explosive market in the past couple of days, don’t just watch, get moving.
That's it for the article! If you feel lost in the crypto space, consider joining me to布局, and reap from the whales!
