🔺The market is in the green zone: BTC and ETH confidently add +3.5% and +2.5% for the day, setting the mood for all altcoins. The top and mid-tier coins are growing equally: by +5..8%, while a number of tokens (ZBCN, HYPE, and Popcat) shoot up by +20% overnight.
🔺Against the backdrop of a new ATH, Bitcoin dominance has also risen to 64.3%: altcoins continue to dry up. As a rule, after BTC accelerates, the entire market starts to move as well. Overnight, traders' positions were liquidated by -450 million $ in both directions: be careful with futures, it's better to accumulate spot positions.
🔺On yesterday's swings, major players (whales) began to devour each other. A wallet that opened a LONG position in BTC worth 1.1 billion $ nearly pushed another whale, who opened a SHORT on BTC for 200 million $, to liquidation. The retail investors have long been wiped out: now they are cleaning up the big players.
🔺The BlackRock fund becomes the 2nd largest holder of BTC. And another 80 applications for the launch of altcoin ETFs are pending, which are likely to be approved in the fall of 2025.👇
