Why do you encrypt today? BTC Short Squeeze, Etf Shops star-news.press/wp

Main meals

• The encryption market increased after a new BTC pressure to a new ATH of $ 112,000. The climbing of whales to jump on ETH and lift altcoins, but Memecoins still publishes more gains on average.

On July 9, Bitcoin (BTC) A new standard of $ 112,025 on the Bybit Stock Exchange, and briefly lifted an optional Altcoins, including ETHEREUM (ETH).

Upswing followed a daily flow of BTC ETF daily of $ 218.04 million, exceeding $ 50 billion of cumulative net flow for the first time since its first appearance.

BTC Short Squeeze raises the market

In addition, the sharp step has been run through the search for short pants that were built about 111.5 thousand dollars. For every BTC merchant, New Crypand

“The goal of 111.5 thousand dollars is a goal to filter! When the price is merged, the filter goals are very strong. It tends to serve as a price magnet.”

Source: Cryp Nuevo/X

The trader has previously distinguished the level as a potentially up -to -possibility of chasing liquidity. Alpha Strategy Head, Jeff Park, also subscriber The same thesis.

In fact, btc Purchase Nearly $ 660 million has increased on one minute candle, confirming the aggressive short pressure on the upward round.

Sui, ETH leads Altcoin pump

Source: Coinnk Crypto Market (at 07:06, July 10, New York time)

Among the main altcoins L1, (SUL) ETH led the market recovery by 9 % and 6 %, respectively.

In particular, ETH is attracted to $ 2.8 thousand, attracted 7 whalesIncluding Abraxas Capital and Sharplink Gaming, and buy $ 358 million from ETH.

During, Solana (Sol) It increased by 2.5 % and described approximately $ 160, such as Kardano (there) 4 % rose.

Some specific symbols, such as Liquid height (noise)and Monero (xlm)and Bittensor (tao)And Hedra Hashgraph (HBAR)Also published 5 % -6 % during today’s pump.

From a sector perspective, Memecoin topped the plans with many gemstones such as POPCAT (POPCAT)and Non -useful currency (useless)And DogwFhat (WIF) Spreading double -number gains.

On average, the part spread about 10 % returns, double the gains seen in L2 and 5x Defi.

Source: Philo

When zooming on the weekly time frame, Memecoin still leads the assembly, followed by Defi. In short, these were the fastest sectors during Snap marches and traders can provide better returns.

Next week trade can depend on the inflation data set in June 15.

This would stimulate expectations to reduce prices. According to the encryption trading office QCP capitalThe market was pricing interest rates in September.

The most prominent report,

“July has been reduced everything, but the possibility of September decreased from 90 % to 70 %.”

Source: Capital QCP