Market Analysis: BTCD Returns to Historical High, and the Copycat Season May Be Coming
Recently, after a period of sideways trading at a high level, BTC has made a strong breakthrough and returned to above $61,000. BTC's market dominance rate (BTCD) has also returned to a new high in the past three years, indicating that BTC's dominance in the current market has been further consolidated. At the same time, BTC spot ETF funds have shown large inflows, with BlackRock receiving nearly $200 million in a single day and WisdomTree receiving nearly $120 million in a single day. These inflows have further supported the rise in BTC prices.
ETH also rose, led by BTC, and returned to around $2,700. However, unlike BTC, ETH spot ETFs showed net outflows overall. This may reflect investors' lack of short-term confidence in ETH, or that funds prefer BTC when allocating assets.
In terms of altcoins, there is a general upward trend, especially the RWA (Real World Assets) sector and the Meme sector, which are outperforming the market.
Data indicators
Today's AHR999 index is 0.74. Although it has risen from the previous level, this data still shows that the current price is a good point to buy in batches. The AHR999 index is used to evaluate the level of market prices relative to the historical average. The current index shows that the market is still in a reasonable buying range.
The Fear and Greed Index is 48, indicating that market sentiment has gradually shifted from the previous fear to neutral. The sharp rise in the market has obviously improved investor sentiment, but it has not yet reached a state of extreme greed, which means that market sentiment remains at a relatively healthy level.
Market Hotspots
Meme sector: The Meme sector is extremely active, with major public chain head Meme coins such as BRETT, WIF, PEPE, and PONKE all rising sharply. Fully circulated Meme coins are more resilient in the rebound market and lack selling pressure from the market. In comparison, they perform significantly better than VC (venture capital)-backed tokens. This phenomenon shows that market funds are more willing to flow to Meme coins with strong liquidity and less market selling pressure.
RWA sector: TOKEN, OM, ONDO and other RWA sector tokens rose collectively, showing rare capital cohesion. As one of the newer narratives in this round of market, the RWA sector has a relatively small overall market value and is expected to be a side that is easier for market funds to speculate. The rise of the RWA sector may be related to the market's expectations for the application of blockchain technology in real-world assets (such as real estate, bonds, etc.).
