Bitcoin holds above $81,000 as Ethereum and a group of altcoins outperform, with NEAR, Avalanche and Sui posting double-digit gains over 24 hours. Rising trading volume, heavy short liquidations and fresh spot ETF inflows point to broadening risk appetite across the crypto market.
Bitcoin Holds Above $81,000 as Altcoins Outperform
Bitcoin is trading close to $81,500, while total crypto market capitalization has climbed toward $2.8 trillion over the past 24 hours. Global crypto trading volume has risen to $76.3 billion. Bitcoin dominance remains near 58.5%, keeping BTC firmly in control even as altcoins begin to outperform.
Ethereum is showing greater strength as momentum shifts toward altcoins, with several large-cap tokens posting double-digit gains. The Fear and Greed Index stands at 72, reflecting a market tilted toward greed.
NEAR, Avalanche and Sui Lead the Gainers
NEAR Protocol leads the major gainers, rising more than 22% over the past 24 hours. Avalanche follows with a gain of more than 17%, while Sui has climbed over 14%.
On the downside, MemeCore has been the weakest major performer, and the relatively modest declines suggest buying momentum is currently stronger than broader selling pressure.
Short Liquidations and ETF Inflows Add Fuel
Crypto liquidations reached roughly $357 million over 24 hours, with short positions accounting for about $240 million against nearly $117 million in long liquidations. As a result, short traders absorbed roughly two-thirds of the forced closures as prices moved higher.
At the same time, US spot crypto ETFs provided fresh institutional demand: Bitcoin ETFs recorded net inflows of $433 million. Ethereum ETFs took in $143.8 million but still ended the week with around $140 million in net outflows, breaking a four-week inflow streak.
What Comes Next
The rally's durability depends on whether buying momentum holds once the initial wave of short covering fades. Spot volume, open interest and liquidations will play a major role in determining the next course of action, while sustained volume and fresh capital will be needed to confirm the momentum.
Source: Coinpedia Fintech News
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