#CryptoComeback billion, reinforcing bullish interest across spot markets. Bitcoin’s total market capitalization rose 1.59% to $2.04 trillion, extending its dominance in absolute value. However, BTC’s share of the overall crypto market dipped to 63.89%, down 0.86 percentage points, signaling a potential reallocation of capital into altcoins as traders seek broader exposure.

Bitcoin Continues Six-Figure Rally While Stocks Stumble

( BTC dominance / Trading View)

Despite the price rise, derivatives data tells a more cautious story. BTC futures open interest fell 2.20% to $67.12 billion, suggesting some leveraged positions were closed amid the surge. Coinglass reported total liquidations of $717,990 over the past 24 hours, with long positions accounting for $589,520 compared to just $128,470 in shorts. Bulls bore the brunt of intraday volatility, indicating that not all traders timed the rally effectively