The famous supporter of technical analysis Peter Brandt announced the beginning of the Altcoin season.
It’s altcoin Season pic.twitter.com/bshkys6pdo
– Peter Brandt (@peterlbrandt) July 16, 2025
To his post on X, he attached a schedule for the general capitalization of the cryptocurrency market with the exception of bitcoin, on which a “cup with a pen” is traced. This “bull” pattern indicates a possible continuation of the ascending trend after the consolidation phase.
The Altcoin Season Index indicator is still not clearly signaling the beginning of the altsyzone, but its values are growing rapidly:
Over the past day, the top alternatives to Bitcoin have risen significantly, while the flagship of the market fell by 0.5%.
Are the air stocks exhausted?
The founder of the Wintermute market maker Yevgeny Gaeva said that Ethereum reserves on an over -time platform for institutional customers were almost over. This is a sign of high demand for an asset.
there is (Clearly) almost no #Eth AVAILABLE FOR SALE ONTERMUTE OTC Desk
– Wishful_Cynic (@Evgenygaevoy) July 16, 2025
Founded in 2017 by Gayev and Harro Mantel, the London company Wintermute is one of the key suppliers of liquidity in the crypto.
However, Ethereum still remains inflationary-the ETH offer is growing about 0.69% per year. This indicates a low oncha-active.
Over the past day, the price of Ethereum has increased by 9.1%, overcoming the line of $ 3400.
The resumption of interest in the coin is also evidenced by record open interest in futures contracts – above $ 50 billion.
The rally is not completed
The MVRV indicator, “sharpened” by short -term holders (STH), indicates the potential of further growth, the Cryptoquant contributor under the nickname Darkfost shared observations.
According to his observations, in this market cycle, the total unrealized profit of short -term holders never selected 42%.
“Each time STH MVRV reached a level of about 1.35, which corresponds to an indicator of“ paper ”profits of 35%, this led to the fixation of the profit and short -term correction. So far, this mark is still far away – the value is at about 1.15, ”said Darkfost.
The analyst noted that on July 11 the realized price in the context of short -term holders “For the first time in the history of bitcoin” exceeded $ 100,000, and then exceeded $ 102,000.
“Thus, digital gold remains 20–25% growth potential until the critical level of MVRV reaches. In other words, the market saves a bull impulse to a new wave of fixation of profit, ”the expert concluded.
In turn, Glassnode analysts found an increase in bitcoin volumes concentrated from the first cryptocurrency buyers – 4.77 million to 4.91 million BTC (+2.86%).
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Source: Cryptocurrency
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