From the data, the market capitalization share of Bitcoin and Ethereum is rising, but trading volume is slightly declining and in a state of contraction, while the market capitalization share of altcoins is decreasing, indicating that everyone is switching to Bitcoin for risk aversion, and risk appetite is decreasing.
As Bitcoin's price fluctuates slightly, the turnover rate continues to decline. Short-term investors are the main force in trading, while most medium- to long-term investors are observing. The support level remains stable at $93,000 - $98,000, but the selling pressure at $100,500 - $105,000 has slightly increased, with 50,000 fewer tokens than yesterday. These are mainly short-term investors, and a longer time is needed to form stable support.
From a funding perspective, on-site funds have also decreased by 100 million, with a total of 262.4 billion, USD market capitalization of 157.217 billion, slight inflows from Asian funds, but trading volume is declining. The market capitalization of USDC has decreased by 4.7 million, with trading volume significantly dropping. Compared to U.S. stocks, the crypto market's risk appetite is weak, and U.S. funds may be flowing into U.S. stocks.
Overall, the market is currently in a news vacuum, with attention on tonight's PCE data release. The Nasdaq and S&P 500 are approaching historical highs, and everyone is watching to see if there will be a breakout or a phase correction. In the face of rising U.S. stocks, the upward momentum of Bitcoin is starting to weaken, as people may be waiting for the results of the U.S. stock market's surge before reacting, and in the short term, a continued contraction and fluctuation is expected.
Three types of altcoins that may rise 10 times in the future!
1. LTC
Litecoin continues to perform strongly in a volatile market, attracting investor interest even in uncertain overall conditions. After a recent decline, Litecoin rebounded, rising 4%, with an intraday high of $85.38. Meanwhile, trading volume was also above the 20-day average, indicating strong investor confidence. The general easing of geopolitical tensions, particularly the ceasefire between Israel and Iran, has also contributed to Litecoin's rise.
Another potential driver for Litecoin is regulatory progress. The U.S. Securities and Exchange Commission is reviewing two proposals for a Litecoin spot ETF. The market platform Polymarket estimates an 83% chance of approval this year. Bloomberg analysts are even more optimistic, believing this probability could be as high as 95%. Such approval would allow traditional investors to directly invest in Litecoin, potentially boosting demand.
However, not everyone agrees on the strength of this rebound. Some analysts believe the recent price surge is related to short seller cover, rather than genuine buyer interest. Others remain bullish, suggesting that Litecoin could rise to $224 by the end of 2025, depending on developments in market sentiment and regulatory outcomes.
Another significant development is that Coinbase has launched cbLTC, a Litecoin token that can be used on the Ethereum Layer-2 Base chain. cbLTC is pegged 1:1 to actual LTC held by Coinbase, providing Litecoin holders with a way to interact directly with Ethereum-based DeFi platforms. This move ultimately brings Litecoin into the DeFi space, allowing users to easily exchange, stake, and lend LTC, thereby enhancing its utility and relevance in the blockchain ecosystem.
2. CHEEMS
The price of Cheems token is $0.00001293, demonstrating robust resilience, having risen 2.25% in the past 24 hours. Although the increase is modest, it reflects ongoing market attention, with trading volume exceeding $6.77 million. Despite bearish short-term market sentiment, the Fear and Greed Index remains at 74, indicating investor optimism. This contradictory sentiment suggests that investors are driven more by speculative curiosity than by firm conviction.
The Cheems token rides the wave of meme culture, branding itself as the 'King of Memes' and a symbol of the cryptocurrency revival. Its contract abandonment, tax deficiencies, and lack of team reserves make it a truly decentralized community token. It does not aim to become a utility token but hopes to leverage identity, nostalgia, and an extremely loyal fan base. This pure authenticity may resonate with meme coin purists, but it struggles to support its long-term fundamentals.
However, Cheems has done something incredible. Over the past year, its price has skyrocketed by 4,024%, outperforming Ethereum's 5,552.31% and Bitcoin's 2,260.03%. Its trading price is 1,556.36% above the 200-day moving average, which is statistically impressive. Nevertheless, only 40% of the price increase in the past 30 days has been positive, and current volatility has dropped to 5%, indicating that its upward momentum is weakening.
Investors interested in parabolic traditional operations may find Cheems attractive. However, due to a lack of proactive updates or a roadmap, this token is best suited for short-term speculators who are adept at timing. Long-term holders should proceed with caution; it is uncertain whether last year's miracle can be repeated.
3. BERA
Since its launch in February 2025, Berachain (BERA) has gained considerable attention among investors. The current trading price of the token is $1.71, approaching the key resistance level of $2.50. A breakthrough at this level could unleash more upward potential, with a long-term target price set at $7 or even $10, which holds strong market appeal for many.
Berachain is undergoing a new strategic shift, currently focusing on generating revenue through its unique liquidity proof model. This shift aims to attract yield-seeking investors and could potentially serve as a catalyst for its long-term growth. As the broader altcoin market faces instability, Berachain's evolving strategy may bring about a more stable investment outlook.
Despite facing numerous obstacles, Berachain's innovative approach and solid community support make it a strong competitor for future growth. As the market favors projects with real yields and long-term value strategies, it may become the next explosive cryptocurrency.
Brothers, gather in the chat room quickly: