🔥 Bitcoin has opened up market momentum, but what’s really grabbing attention today may be ETH.
Over the past 24 hours, the pace of the crypto market has clearly accelerated.
After $BTC broke through $69K, it stayed strong, while $ETH’s performance was even more eye-catching—rising rapidly from around $1,900 and once reaching close to $2,250, with a single-day gain of nearly 18%.
Even more worth watching is that this time, it wasn’t just BTC moving on its own.
BTC → ETH → major coins, and capital appears to be starting to spread out.
This is a marked difference from the market structure in the recent period, when BTC moved and other coins just watched.
At the same time, large-scale short liquidations also became one of the key pushes behind this rally. In a short time, nearly $1.4 billion worth of short positions were liquidated, and rapid deleveraging further amplified price volatility.
So now the market has entered a more interesting phase:
The first wave is BTC breaking out.
The second wave is ETH catching up.
Next, we need to watch whether the rally can shift from a “short-squeeze” setup into a real spread of capital.
If more major assets begin to follow, the market structure could change again;
If capital concentrates back into BTC, then the sustainability of this broad-based rally still needs to be observed.
📊 Next, I’m focusing on three signals:
🔹 Whether ETH can maintain relative strength versus BTC
🔹 Whether BTC can hold steady in its new price range after the breakout
🔹 Whether major assets like BNB continue to attract capital attention
The market has moved from “waiting for direction” to “watching where capital spreads.”
👇 Who do you think will be the next main character in the next phase today?
BTC / ETH / BNB?
#BTC #ETH #BNB