Bitcoin $120K expectations add fuel to ETH, HYPE, UNI and SEI
2025-07-11 17:56:57
Main Idea
Bitcoin's strong performance above $110,530 is fueling rallies in altcoins like ETH, HYPE, UNI, and SEI, with institutional inflows and technical patterns suggesting further upside potential.
Key Points
1. Bitcoin surged above $118,800, leading to $570 million in BTC short positions being liquidated.
2. US spot Bitcoin ETFs saw the second-largest daily inflows of $1.17 billion, indicating strong institutional interest.
3. Market analyst Axel Adler Jr. notes that Bitcoin's MVRV oscillator hitting 2.75 (around $130,900) historically signals distribution phases.
4. BTC completed a bullish inverse head-and-shoulders pattern, with key support at $110,530 and resistance levels ahead.
5. Altcoins like ETH, HYPE, UNI, and SEI showed strong upward momentum, with ETH targeting $3,400 and SEI aiming for $0.44 if key resistances are breached.
Description
ETH, HYPE, UNI and SEI rallied toward new highs as Bitcoin pushed above $118,000.
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