Bitcoin Dominance Don Drop to 61.8% as ETH & XRP Dem Drive Altcoin Rally
Bitcoin dominance don drop to 61.82% dis week as Ethereum (ETH) and XRP catch di shift. Trading volume climb reach $77.9 billion, show say capital dey enter altcoins actively, no be just dey rebalance anyhow. Bitcoin touch record high of $123,091 before e begin pull back to around $118,000 after e recover from low near $108,273. On-chain data show say one Satoshi-era whale move over 40,900 BTC (≈$9.6 billion) go Galaxy Digital, wey make plenty people dey take profit. Chart patterns dey show bearish candles plus high volume, wey show say plenty sellers dey pressurize BTC. Analysts dey expect say before light wey fit hold till late July, e go get small consolidation driven by ETF inflows and demand wey still dey strong. Michael Harvey from Galaxy Digital predict more upside but e also warn say e get chance for 5-10% small pull back if profit-taking tight or if stock market fall. History talk say if Bitcoin dominance fall below 60%, short but heavy altcoin season fit follow. Traders suppose watch 60% level well and also look BTC price movement plus macro things wey fit change current altcoin momentum.
Bullish
Di decline for Bitcoin dominance dey show say people dey commot their profit and shift their money enter altcoins. But di ETF inflows, one kain big whale transfer wey set record, plus wetin analysts dey talk about better price jump for July, all these show say institutional demand solid well well. High trading volume and di price wey don bounce back from recent low levels dey support better price movement. E get short-term selling pressure and chance for like 5–10% small price drop still dey, but history don show say usually market go calm down first before e go up. So, even if e go short time drop, overall e mean say Bitcoin price go still strong as new buyers go come again.