After Bitcoin's price surpassed $120,000, the altcoin market experienced a sharp rise. According to recent analysis by CryptoQuant, after Bitcoin's price exceeded its all-time high of around $120,000, the activity in the altcoin market significantly increased, which may indicate an intensification of the altcoin season. Bitcoin's market share has declined since breaking the $120,000 barrier. Ethereum's price has also risen by over 170% in the past four months, and it is now only about 21% away from its all-time high of $4,871. SharpLink's recent investment has garnered wide attention in the market. With an investment of $1.3 billion, the company now holds a total of 438,190 Ethereum (ETH). This massive investment has undoubtedly injected new vitality into the Ethereum market and sparked strong interest from investors in the cryptocurrency. The trading volume of futures contracts for altcoins and Ethereum reached $223.6 billion, the highest level in five months, representing 83% of the total futures trading volume, while Bitcoin accounted for only 17%. Furthermore, among the 424 trading pairs of futures contracts on the Binance platform, only 23 pairs showed negative values. Meanwhile, the trading volume of spot Bitcoin has decreased, while small transactions (under $10,000) increased by 9.7% in 30 days, indicating a revival in retail demand, which may suggest that Bitcoin and altcoin markets are poised for further gains. #Bitcoin #Ethereum #Altcoins
