A $1.2T shift toward Bitcoin may be starting — and one grim index says altcoins may never rally
Historical patterns suggest a potential $1.2 trillion shift from altcoins to Bitcoin in this current bear market situation.
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A potential $1.2T shift from altcoins to Bitcoin gains traction amid bear market patterns, Peter Thiel exits all ETHZilla shares as the “Ethereum’s MicroStrategy” craters 95%, and whales stack 200,000 BTC in a month despite waning short-term demand. Dive into the full stories below.
The global crypto market cap is $2.28 trillion, with a 24-hour volume of $82.95 billion. The price of Bitcoin is $66,245.95, and BTC market dominance is 58.2%. The price of Ethereum is $1,923.51, and ETH market dominance is 10.2%. The best-performing sector is Rehypothecated, which gained 1%. The Crypto Fear & Greed Index is currently Extreme Fear (9).
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A $1.2T shift toward Bitcoin may be starting — and one grim index says altcoins may never rally
Historical patterns suggest a potential $1.2 trillion shift from altcoins to Bitcoin in this current bear market situation.
Peter Thiel dumps all ETH treasury shares after “Ethereum’s MicroStrategy” fell 95% since August
ETH sales, a massive note redemption, and thin carry make this zero line feel like a warning shot.
Bitcoin whales added 200,000 BTC in a month — but short-term demand is fading at the same time
Bitcoin’s market feels heavy as short-term holder losses drive panic selling and long-term support weakens.
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