您的当前位置:首页 > 发现基金 > Bitfinex report: If Bitcoin market share reaches a local peak, altcoins may perform better than the overall market in the coming months 正文
时间:2025-06-14 00:45:57 来源:网络整理 编辑:发现基金
CryptocurrencyexchangeBitfinexstatedthataltcoinsshowedresilienceduringlastweek'smarketsell-off,witha
Cryptocurrency exchange Bitfinex stated that altcoins showed resilience during last week's market sell-off, with a decrease in Bitcoin dominance (the proportion of Bitcoin market value to the total cryptocurrency market value) as selling pressure intensified, unlike previous market downturns. Bitfinex believes that if the market capitalization of Bitcoin has indeed reached a local high, altcoins may perform better in the coming months.
In its "Bitfinex Alpha" report released on Monday, Bitfinex pointed out that last week's market downturn pushed Bitcoin prices below the key low of $56711 seen on May 1st, a level that had previously triggered a rapid rebound. The recent sell-off has led to a decrease in leveraged positions, indicating that the market may be approaching local lows.
Bitfinex also pointed out that the correlation between Bitcoin prices and traditional financial markets still exists, and the significant outflow of funds from spot ETFs in the past week indicates that traditional financial investors are reducing their exposure to cryptocurrencies. It is worth noting that since August 27th, the net outflow of Bitcoin ETFs has reached $706.1 million, and the cumulative increase in spot trades (CVD) has shown a downward trend, indicating aggressive selling in the spot market.
At the same time, the altcoin market has shown resilience, with Bitcoin's market capitalization decreasing by 1.3% during last week's intensified sell-off, while all other cryptocurrency assets (excluding the top ten cryptocurrencies by market capitalization) increased by 4.4%. Bitfinex continues to write:
We cannot help but say that this change implies a potential pattern shift, where investors are seeking the value of altcoins, which is different from the typical pattern of investors flocking to Bitcoin during downturns
Bitfinex added that the number of open contracts for altcoins has also dropped by 55% from historical highs, indicating a cold speculative interest and potential exhaustion of sellers. In addition, as a representative of the altcoin market, the ETH/BTC ratio is still below its 365 day simple moving average (SMA), reflecting the overall poor performance of Ethereum (ETH) since its merger.
Bitfinex believes that if the market capitalization of Bitcoin has indeed reached a local high, "we may see a period of altcoins outperforming the market in the coming months, which could lay the foundation for a bullish fourth quarter if macroeconomic pressures ease.
data source
寿险投保人是什么意思?如何成为寿险投保人?2025-06-14 00:47
10月31日东海核心价值净值下跌0.92%,今年来累计下跌13.8%2025-06-14 00:42
10月31日平安低碳经济混合C净值下跌0.65%,近1个月累计下跌4.05%2025-06-14 00:10
怎么卖以太币2025-06-13 23:57
美国参议员今晚将投票推进稳定币法案2025-06-13 23:30
10月31日汇添富均衡增长混合净值下跌1.03%,近1个月累计下跌4.16%2025-06-13 23:12
锦州银行承兑汇票能兑现吗?2025-06-13 22:29
10月31日宏利转型机遇股票A净值增长0.04%,今年来累计上涨40.01%2025-06-13 22:28
BTC突破103500美元,24小时跌幅0.86%需注意风险2025-06-13 22:24
10月31日招商优势企业混合A净值下跌0.07%,近1个月累计下跌0.77%2025-06-13 22:23
什么树叶对应什么天气-天气什么树叶什么什么2025-06-14 00:39
挖矿机6显卡怎么2025-06-14 00:17
其他债权投资的汇兑损益计入哪里2025-06-14 00:04
蝴蝶钱包app2025-06-13 23:54
税负率是按月来计算还是按年2025-06-13 23:50
兆邦基生活(01660):许楚胜辞任执行董事2025-06-13 23:47
香港《稳定币条例草案》二读进行中:监管细则首次公开明确2025-06-13 22:48
氧源积分交易平台2025-06-13 22:45
房地产预缴增值税需要计提吗2025-06-13 22:13
成都异地公积金贷款条件是什么?我在异地工作想买套房。2025-06-13 22:12