Bitcoin's dominance reaches a new high, two key indicators warn that market pressure is coming.

RektRecovery · 2025-06-23T00:34:28+00:00

Bitpush analysis indicates that although Bitcoin's market dominance is rising, two key indicators show signs of market pressure. Ethereum is suffering from over-leveraging and declining liquidity. At the same time, large buyers are withdrawing, and key technical levels are being tested, suggesting that Bitcoin and Ethereum may be showing bearish signals, which could have a broad impact on the crypto market.

RektRecovery

2025-06-23 00:34:28

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[BitPush] 10x Research published an analysis on platform X, stating that although Bitcoin’s market dominance has soared to new cycle highs, two key indicators are flashing early signs of broader market pressure. Ethereum, which had previously risen due to ETF optimism, is now struggling under the burden of over-leveraged futures positions. At the same time, the (market-driven) liquidity that has been an invisible driving force behind each rebound is quietly drying up, and the often-overlooked flow of stablecoin funds is also showing a clear trend as summer approaches. Some major buyers in the market are withdrawing, and key technical levels are facing tests. Bitcoin and Ethereum are experiencing pullbacks as expected, both releasing signals of a shift from bullish to bearish. The risk of Ethereum falling below $2420, emphasized in the report before the weekend, has already materialized, and two key indicators for Bitcoin are also about to turn bearish, which could have widespread implications for the entire crypto market.

BTC-0,74%

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