Market Overview and Recent Downtrend - The market experienced a significant downtrend, causing panic and a 10-20% loss across various coins [1] - A recovery is underway, with some altcoins showing gains of 10-20% [2] - The sell-off was driven by $950 million in liquidations affecting 310,000 traders, primarily targeting Ethereum and XRP [5] Ethereum's Outperformance - Ethereum is outperforming Bitcoin, with a 50+% increase in the last month compared to Bitcoin's 8.8% [5] - Ethereum's market cap is nearly $50 billion compared to Bitcoin's $2.3 trillion [8] - Ethereum's 24-hour volume is almost $40 billion compared to Bitcoin's $97 billion [9] - Ethereum is starting to catch up to Bitcoin in terms of demand, indicating phase two of the cycle [10] Altcoin Season and Market Catalysts - Altcoin season is indicated to be back at 40+ [7] - Altcoins are expected to go parabolic, following Ethereum's lead [12][23] - The approval of altcoin ETFs is anticipated as the next major catalyst for altcoins [24] Liquidity and Future Outlook - US M2 supply is back above $22 trillion, while Japan, China, and the EU M2 supply are hitting new highs [21] - Ethereum is still 26% below its 2021 all-time high, suggesting potential for a significant rally [21] - Ethereum ETF demand has outpaced new supply by 32 times since May, indicating a potential supply shock [24] - The market anticipates a parabolic rise across the board, with a potential consolidation period of a week or two [29]
BULLISH: Crypto Holders Please Listen Now | XRP XLM HBAR SUI & More!
NCashOfficial - Daily Crypto & Finance Newsยท2025-07-26 04:00