As #Bitcoin struggled to establish direction around the $70,000 level over the past week, the altcoin market exhibited pricing behavior swinging between cautious optimism and sudden liquidation-driven moves. In the second half of last week, markets found some relief after U.S. CPI data came in below expectations. However, buying remained limited. This relief was supported less by a sustainable increase in risk appetite and more by a rebalancing of leverage. Indeed, approximately $400 million in liquidations throughout the week indicates that market makers compressed the range by clearing excessive leverage on both the long and short sides.Against this backdrop, the slight easing in Bitcoin dominance signaled that capital was selectively seeking higher risk, creating room for flows into niche segments. #Memecoins and privacy-focused themes stood out in particular, while the fragile risk appetite produced sectoral divergence rather than a broad-based #Altcoins rally.

BTC-2,74%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)