Bitcoin’s Pause Is Ethereum’s Green Light: Here’s What’s Next
2025-07-16 15:40:41
Main Idea
Bitcoin's price experienced a pullback but has since recovered slightly, while altcoins like Ethereum are gaining traction as the market cycle continues.
Key Points
1. Bitcoin's price dropped to near $116,000 due to profit-taking but has since recovered by nearly 2%, reaching above $119,000.
2. Analytics firm SwissBlock suggests that altcoins are emerging as the next phase of the market cycle, with Ethereum showing relative strength.
3. The ETH/BTC ratio is rising, indicating Ethereum's ability to attract liquidity from Bitcoin and lift the broader altcoin market.
4. BTC Vector’s Optimal Signal indicates that the current rally is only on day 12, with historical expansions lasting 15-30 days, suggesting further potential growth.
5. Glassnode’s Short-Term Holder Relative Unrealized Profit and other indicators suggest that Bitcoin still has room to move higher.
Description
Bitcoin’s surge has paused as traders engaged in profit-taking. This triggered a pullback, which dragged the cryptocurrency near $116,000. It has since staged a recovery of nearly 2%, pushing Bitcoin above $119,000 at the time of writing. New data has emerged, signaling that BTC is not at a local top but in a transition phase, with timing, behavior, and structure all pointing to further upside. BTC Makes Room for Alts According to the analytics firm, SwissBlock’s latest market report, ‘Altcoin V...
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