NewsBTC

1 August 2025

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CryptoQuant Highlights Six Indicators of Growing Altcoin Market Momentum

CryptoQuant identified six indicators signaling potential growth in the altcoin market following Bitcoin's all-time high in mid-July. Key points include:

• Ethereum has surpassed $3,000 and approaches $4,000, with significant institutional buying from Sharplink, which holds 438,190 ETH tokens.
• Bitcoin's market dominance is waning as altcoins rally; BTC's share of total futures volume dropped to 17%, down from over 50% earlier this year.
• The combined futures trading volume for altcoins hit $223.6 billion, the highest in five months.
• 83% of total futures volume is now attributed to altcoins and ETH.
• Retail investor demand for Bitcoin has increased, a positive signal often preceding market rallies.

As of now, Ethereum is priced at approximately $3,770, reflecting a 2% increase in the last 24 hours.