High-net-worth crypto investors are focusing their buying on major assets like Bitcoin, Ethereum, and XRP, which dominate affluent allocations at 82%, 80%, and 71% respectively. Meanwhile, smaller altcoins are experiencing extreme oversold conditions with RSI values dropping to single digits, indicating localized stress and potential capitulation. This split reflects a defensive strategy by wealthy investors seeking liquidity and stability during volatile market conditions, while some altcoins face sharp price declines due to thin liquidity and event-driven selling. If volatility continues, the gap between major assets and distressed small caps may widen, affecting short-term liquidity and trading dynamics in the crypto market.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
