July 28 Bitfinex Alpha BTC finds Local Low, but the increase in the leverage
In Bitfinex Alpha
Bitcoin successfully defended its lowest level in the short term near 114,800 dollars last week, as it flourished sharply to close the week above 119,580 dollars. This flexibility rapidly followed a 5 percent decrease inside the week, which led to a wide liquidation. More than 1.1 billion dollars were eliminated in long positions via the main stock exchanges through a set of assets, on July 23 and 24, and revealed the extent of car speculation determination during the last BTC periods to the highest levels ever. Although the correction was shallow in terms of prices, its impact on the leverage was deep, which enhances the reflexive nature of the encryption markets when the butter is very quickly built.
Under the surface, the risk appetite continues to rotate strongly to Altcoins. The dominance of the open benefits of Ethereum increased from 17 to 26 percent, while Bitcoin’s fell to only 41 percent, a sharp decrease from 51 percent in April. Although the total open interest dominance of Altcoin is still fixed in the low -thirties, its composition was liquid, driven by fast -changing novels and insert activity. The joint open interest increased via the main Altcoins such as ETH, Sol, XRP and DOGE from 26 billion dollars to $ 44 billion in only four weeks, reflecting a clear return to speculative capital.
The market is now in a critical turn. The structural strength of the Bitcoin remains intact, with the continuing support and demand levels on the ETF constant, but the increasing focus of the leverage in Altcoins leaves the broader encryption complex vulnerable to sharp reduction events. With the construction of speculative locations, the risk of successive liquidation increases, especially if macro titles turn into price shares.
Modern data shows that the recovery of the American economy hides deeper weaknesses. Business investment slows down, as durable goods orders decreased by 9.3 per cent in June and basic capital goods by 0.7 percent, as the uncertainty is disrupted. The increase in front of the equipment spending early this year, and the growth of the G2 Q2-plasticity by 2.4 percent-is largely driven by stock modifications and temporary trade instead of real demand.
Meanwhile, the unemployed demands decreased to 217,000, which is the lowest level in three months, but continuous claims increased to 1.955 million, indicating difficulty in recruitment. Companies stop employment amid uncertainty and unequal demand. Housing activity is still weak, as sales of new homes increased by 0.6 percent in June and the stock of its highest levels since 2007. The labor market does not collapse, but it cools quietly, and it is unlikely that the federal reserve will reduce prices until clearer signs are highlighted, and the scene of the United States is witnessing. The update indulgence and the upcoming Ether formed ETHEREUM introduced a category of ascetic cabinet origin, where the bittagues now maintain more than 566,000 from the ETH and ETHER for the public with 400000+ ETH in the generated infrastructure. Meanwhile, Bitcoin Bet from Trump Media 2B adds to this direction, although concerns relate to revenue and relying on encryption estimate to justify the evaluation.
