Bitcoin, Ethereum, XRP, Dogecoin Flat As Traders Hope For Altcoin Outperformance

Major cryptocurrencies are trading sideways amid stagnating Bitcoin dominance, potentially signaling increased capital rotation into altcoins.

Cryptocurrency Price    Gains +/-
Bitcoin (CRYPTO: BTC) $103,380.01 -0.9%
Ethereum (CRYPTO: ETH) $2,600.38 -1.6%
Solana (CRYPTO: SOL) $176.25 -1.5%
XRP (CRYPTO: XRP) $2.55 -0.3%
Dogecoin (CRYPTO: DOGE) $0.2335  -2.1%
Shiba Inu (CRYPTO: SHIB) $0.00001581 -2.7%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 8.98% and daily active addresses grew by 10.7%. Transactions greater than $100,000 are down from 12,470 to 11,891 in a single day. Exchanges netflows are down by 236.9%.
  • Coinglass data reports 139,936 traders were liquidated in the past 24 hours for $408.44 million.
  • Crypto chart Ali Martinez observed that over the past three weeks, 100,000 BTC have been withdrawn from exchanges, a sign of growing investor confidence and long-term holding behavior. During the same period, more than $35 billion flowed through the crypto markets, underscoring heightened activity.  
  • Martinez also highlighted that if Bitcoin reclaims the $105,244 level, it could trigger $25.38 million in short liquidations, potentially fueling a sharp upside …

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