The cryptocurrency market is showing active movements. While Bitcoin's price maintains stability and enters a short-term adjustment phase, major altcoins such as Ethereum and Solana continue to show an upward trend.
Bitcoin Stabilizes Around 145.78 Million Won
Bitcoin (BTC) is currently trading around 145.78 million won, down 0.24% in the past 24 hours. After recording a recent increase of over 10%, investors are undergoing a short-term adjustment and exploring future directions. Market experts suggest that Bitcoin may show a range-bound movement in the near term but expect a continued upward trend in the long term.
Ethereum Maintains Strong Upward Momentum
Ethereum (ETH) is trading around 3.52 million won, down 1.14% in the past 24 hours, but it recorded a sharp increase of 39% last week, raising investor expectations. Technically, it shows a pattern similar to past peak periods, and some analysts predict that ETH price could reach 10 million won.
Ripple and Solana Show Mixed Trends
Ripple (XRP) is trading around 3,362 won, showing a slight short-term decline, but there are possibilities of breaking through the 3,600 won level in the medium term. In contrast, Solana (SOL) is trading around 246,000 won, showing significant volatility. Technical analysis suggests that SOL may be exiting an ascending wedge pattern, indicating potential adjustment.
Market Dynamics and Whale Investor Movements
Recently, a whale investor deposited 25 million USDC on the Hyperliquid platform and took 5x leveraged short positions on BTC, ETH, and SOL, but is currently recording losses of over $700,000. This suggests the strength of the market's short-term rebound.
The altcoin season index has also turned to an upward trend, suggesting a possible shift from a BTC-dominated market to an altcoin-centered market structure. Experts are paying attention to the potential sharp rise of altcoins centered around Ethereum.
Overall, Bitcoin is undergoing a short-term adjustment, while altcoins are strengthening their upward momentum. The cryptocurrency market is expected to show a wider range of upward trends and volatility in the coming months.
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