đ Crypto Market 2H Update |
Market cap is now at $2.86T, down approximately -1.48%. BTC Dominance has increased to 58.48%â58.7%, meaning capital flow is moving toward BTC while pressure on alts is increasing.
đ„ Liquidations:
In the last 1H, $32.28M was liquidated, of which 98% were longs. 24H liquidations are around $140M. Due to the long-heavy liquidation, a significant amount of leverage has already been washed out.
đ Whale Activity:
âą A BNB whale deposited 141,835 BNB (~$35M) on Binance.
âą One whale transferred 302 BTC to Binance.
âą A dormant whale from 8 years ago moved ~$250M worth of BTC.
âą On the other side, whale accumulation in $HYPE has reached ~$400M.
â ïž Important:
A divergence is forming due to selling in the spot market and heavy buying in futures. HYPE's OI is at an $18B ATH, so both volatility and liquidation risk are high.
đ» Whale Positioning:
Whales' futures books are showing 52%+ shorts, with reported losses also being significant. If BTC holds the $83.1Kâ$83.5K area, a possible short-squeeze zone toward $84.5Kâ$85.5K could form.
đ» However, if BTC loses support and the exchange deposits turn into selling, downside pressure toward the $82K area could emerge.
đ $QNT is completely decoupling from the market and showing a strong pump due to banking/tokenization-related news. The impact of this move on infrastructure/ISO-related coins such as $XRP and HBAR is also worth watching.
Overall: The market is currently in a high-volatility zone. BTC dominance is strong, alts are under pressure, and due to whale positioning, an aggressive move in either direction is possible. DYOR. đđ
#BTC #ETH #QNT #HYPE #CryptoMarket
Market cap is now at $2.86T, down approximately -1.48%. BTC Dominance has increased to 58.48%â58.7%, meaning capital flow is moving toward BTC while pressure on alts is increasing.
đ„ Liquidations:
In the last 1H, $32.28M was liquidated, of which 98% were longs. 24H liquidations are around $140M. Due to the long-heavy liquidation, a significant amount of leverage has already been washed out.
đ Whale Activity:
âą A BNB whale deposited 141,835 BNB (~$35M) on Binance.
âą One whale transferred 302 BTC to Binance.
âą A dormant whale from 8 years ago moved ~$250M worth of BTC.
âą On the other side, whale accumulation in $HYPE has reached ~$400M.
â ïž Important:
A divergence is forming due to selling in the spot market and heavy buying in futures. HYPE's OI is at an $18B ATH, so both volatility and liquidation risk are high.
đ» Whale Positioning:
Whales' futures books are showing 52%+ shorts, with reported losses also being significant. If BTC holds the $83.1Kâ$83.5K area, a possible short-squeeze zone toward $84.5Kâ$85.5K could form.
đ» However, if BTC loses support and the exchange deposits turn into selling, downside pressure toward the $82K area could emerge.
đ $QNT is completely decoupling from the market and showing a strong pump due to banking/tokenization-related news. The impact of this move on infrastructure/ISO-related coins such as $XRP and HBAR is also worth watching.
Overall: The market is currently in a high-volatility zone. BTC dominance is strong, alts are under pressure, and due to whale positioning, an aggressive move in either direction is possible. DYOR. đđ
#BTC #ETH #QNT #HYPE #CryptoMarket