Performance 7 days
Assets | Current price | 7-day change | 24-hour volume || --- | ---: |---: |---: || Bitcoin (BTC) | $84,757.90 | +10.65% | $36.95 billion || Ethereum (ETH) | $2,696.65 | +10.12% | $14.09 billion |
BTC leads by 0.53 percentage points over ETH. Both are up in the double digits, making this look more like a broad market rally rather than movement that is fully specific to one of the assets.
Market rotation context
BTC dominance is at 58.9%, not far from 58.54% last week. Meanwhile, the Altcoin Season index is at 53, up from 45 a week ago. This means ETH and altcoins are starting to strengthen too, but they have not yet shown a strong enough rotation to overtake BTC.
Quality of the move
Total crypto market capitalization rose 10.18% over 7 days, nearly in line with the gains in BTC and ETH. However, perpetual open interest fell 15.99% over the same period, while the average funding rate fell 53.43%. This suggests the rally is happening with lower leverage positions, so the upside is relatively less supported by an accumulation of derivative positions.
Bottom line: This week’s evidence leans slightly toward BTC because its performance is a bit stronger and BTC dominance remains stable. ETH will reverse this relative edge if rotation into altcoins gets stronger and the Altcoin Season index continues moving up from the 53.#BagikanPendapatAndaTentangBTC level
Assets | Current price | 7-day change | 24-hour volume || --- | ---: |---: |---: || Bitcoin (BTC) | $84,757.90 | +10.65% | $36.95 billion || Ethereum (ETH) | $2,696.65 | +10.12% | $14.09 billion |
BTC leads by 0.53 percentage points over ETH. Both are up in the double digits, making this look more like a broad market rally rather than movement that is fully specific to one of the assets.
Market rotation context
BTC dominance is at 58.9%, not far from 58.54% last week. Meanwhile, the Altcoin Season index is at 53, up from 45 a week ago. This means ETH and altcoins are starting to strengthen too, but they have not yet shown a strong enough rotation to overtake BTC.
Quality of the move
Total crypto market capitalization rose 10.18% over 7 days, nearly in line with the gains in BTC and ETH. However, perpetual open interest fell 15.99% over the same period, while the average funding rate fell 53.43%. This suggests the rally is happening with lower leverage positions, so the upside is relatively less supported by an accumulation of derivative positions.
Bottom line: This week’s evidence leans slightly toward BTC because its performance is a bit stronger and BTC dominance remains stable. ETH will reverse this relative edge if rotation into altcoins gets stronger and the Altcoin Season index continues moving up from the 53.#BagikanPendapatAndaTentangBTC level