ETH price rising to $2,400 drove whales to open large ETH long bets, as technical indicators suggest a short-term ETH price rally toward $3,000.
Bitcoin's market dominance has fallen to a one-month low of 54%, while "Others" (excluding BTC, ETH, stablecoins) climbed to 24.68%. This shift is driven by altcoins with real protocol fees, buyback programs, or institutional integration, signaling a move away from broad "everything pumps" alt seasons.
Over 50% of Bitcoin is currently held at a loss, a metric K33 says historically indicates a market cycle bottom is near. Past cycles bottomed within weeks of this signal, though spot Bitcoin ETFs may alter current dynamics.
Bitcoin nears $63,195 after a 6.6% weekly gain, recovering from last week's selloff. The next challenge is proving sustained buyer demand beyond short-covering and leverage, with ETF inflows and spot volume needing to hold, and the $61k-$62k area needing defense.
BonkDAO, the decentralized autonomous organization for the Bonk meme coin, experienced a $20 million exploit due to a malicious governance attack. A passed proposal transferred over 4.4 trillion BONK tokens to an attacker's wallet, prompting investigations and actions from exchanges.
Bitcoin experienced flash volatility, dropping over 4% to near $61,000, after Strategy announced it sold 3,588 BTC to fund preferred stock dividend payments and replenish cash reserves. The price partially rebounded during the US trading session, settling around $62,000.
Crypto losses decreased by 46.8% to $1.32 billion in H1 2026, but security firms CertiK and TRM Labs warn this drop is misleading. Attackers are becoming more sophisticated, with North Korean state-sponsored hackers responsible for over 70% of Q2 losses, prompting international discussions.
