Bitcoin: dominance determines the direction of altcoins
Bitcoin is currently priced at approximately $109,000, slightly below the historical high of $123,000.
Its dominance is slightly above 60%, becoming a key factor affecting altcoins: if it stays above 60%, funds may shift to Bitcoin, suppressing altcoins; if it falls below 60%, it may trigger a strengthening of altcoins.
The recent stablecoin bill passed in the US adds strength to the market, but analysts believe that Bitcoin's ups and downs directly affect the performance of altcoins - when Bitcoin rises, altcoins may lag; when Bitcoin stabilizes or falls, altcoins may be more active.
When will the altcoin season come? Looking at Bitcoin's $110,000 threshold
Ethereum has performed well recently, with its exchange rate against Bitcoin rising 34% in a week (the first significant increase since December 2024), leading the market to speculate that the altcoin season is approaching.
However, the current CoinMarketCap altcoin season index is only 38, with only 28% of the top 100 cryptocurrencies outperforming Bitcoin.
Analyst Arthur Hayes believes Bitcoin needs to break $110,000 to start the altcoin season, expecting Bitcoin to rise to $150,000 - $200,000 by the end of summer, with profits flowing into altcoins, but this year's heat may not reach that of 2021.
There are also viewpoints reminding that under global economic uncertainty, Bitcoin may become a safe haven again, raising doubts about the rebound of altcoins.
PUMP: rebound breaks downtrend channel, buyback rate raised to 100%
Pump.fun (PUMP) rebounded from the key support level of $0.0025, currently breaking through $0.0026, exiting a continuous 10-day downward channel.
This support level coincides with high trading volume nodes; buying pressure has re-entered, and when the price approaches $0.0027, trading volume has increased, also breaking through the recent high point of trading volume during the downturn (PoC), with the next bullish target possibly at $0.0054.
On-chain data shows that PUMP's buyback rate increased from 25% to 100% in the past two days (daily revenue is fully used for buybacks), with the platform's cumulative revenue exceeding $735 million.
However, it has fluctuated greatly recently: on July 23, it fell 20% due to a delayed airdrop, and has dropped nearly 29% in the past week, but has risen over 10% in the last 24 hours, currently priced at $0.002647 with a trading volume of $612 million.
Dogecoin: hovering around $0.24, the $1 target is in doubt
Dogecoin recently rose and then fell: it increased by 35% to $0.28 within a month, but has dropped 15% in the last 7 days, currently priced at $0.24.
Analysts point out that its price is in a triangular consolidation pattern; if it breaks through, it may hit $1, but the current drop makes the target seem distant.
Unilabs Finance: emerging altcoins favored for their AI features
Compared to Dogecoin, Unilabs Finance (UNIL) is gaining more attention with its AI-driven investment model. Its features include: AI assessing high-growth projects' launchpads, real-time optimized portfolio AI managers, four professional financing plans (including mining funds), and the ability to test investment strategies in advance.
The presale has raised $7.1 million, selling 1.2 billion UNIL tokens, with assets under management exceeding $30 million. UNIL holders can participate in a 12-level reward system (30% platform fee distribution), with referral rewards up to 122%. The fourth phase of the presale is sold out, available for purchase at $0.0085, and the next round will rise to $0.0097.
