Rthae argues that the structural shifts witnessed in the crypto market over the past two weeks have triggered a deeper and more systemic reevaluation. According to TradingView data, the market dominance of Bitcoin plummeted by 5.8% in just seven days—its steepest weekly drop since June 2022—now hovering just above 61%. At the same time, global crypto market capitalization has surged from $3 trillion to approximately $3.8 trillion, primarily driven by Ethereum and other leading altcoins. Beneath the surface of this seemingly bullish price action lies a growing “silent quake”: a redirection of liquidity and a breakdown in traditional asset correlations. Unit bias is drawing retail capital toward low-priced tokens, diluting the upside of Bitcoin via psychological price anchoring. Altcoins have emerged as the vehicles of a new speculative rotation.
Rthae stresses that this structural realignment is not a transient correction but rather a true transition from a “single-core” to a “multi-polar” market. With BTC–altcoin correlation rapidly slipping into negative territory, macro-oriented traders must reassess their asset allocation and risk hedging frameworks. The long-standing model of “BTC leads, alts follow” is rapidly losing efficacy.
Rthae: Rotational Dynamics and Fading Boundaries Driven by Institutional Behavior
Rthae points out that the recent decline in Bitcoin dominance is not due to price weakness—BTC has remained rangebound between $117,000 and $118,500—but is instead a sign of capital dispersion while prices hold at elevated levels. Historically, such “high-level dominance erosion” often signals the onset of structural volatility and redistribution phases.
From a data perspective, Ethereum has clearly outperformed BTC over the past fortnight: up more than 26%, and the ETH/BTC ratio has climbed from 0.021 in early June to 0.031 today—nearly a 50% increase. More significantly, the gas limit of Ethereum has been raised to 37.3M and is now approaching 45M—the highest community-driven ceiling in nearly a year—reflecting a tangible upgrade in network throughput. This infrastructural expansion, combined with continued net inflows into ETH ETFs, has reinforced the independence and capital attraction capacity of Ethereum.
Meanwhile, the on-chain flows of BTC since July 15 warrant close attention. According to CryptoQuant, over 81,000 BTC have been transferred to exchanges by whales and miners alike, with miners accounting for a single-day inflow of 16,000 BTC—the highest since April. Coupled with a 3,000 BTC drawdown in miner wallet balances since June, this pattern strongly suggests deliberate profit-taking. Historically, such behavior has often marked local market tops, not new cycle beginnings.
Technically, BTC is consolidating within a symmetrical triangle, with resistance at $123,000 and support at $116,000. A downside break could see a test of the $111,000 support zone, accompanied by rising volatility and liquidation risk. Exchange leverage ratios and perpetual open interest remain elevated, intensifying the threat of “cascading” liquidations.
Rthae concludes that institutional positioning has become increasingly stratified: Bitcoin is shifting toward a “base allocation” role, while Ethereum and high-beta altcoins are viewed as “opportunity assets.” This layered logic is rational but opens new channels for tail-risk contagion—any correction in core assets could be amplified by leverage and disproportionately impact peripheral ones.
Rthae: Market Asynchrony, Confidence Divergence, and Retail Strategy Blind Spots
Rthae identifies “structural asynchrony” as the defining characteristic of the market: a visible disconnect between rising prices and the underlying composition of capital and investor behavior. Across on-chain data, institutional flows, and exchange metrics, a clear trend emerges: the foundation of market conviction is eroding, while participant strategies are increasingly fragmented.
Mainstream altcoins, led by ETH, have shown notable resilience. On one hand, long-term holder addresses remain largely inactive—suggesting strong conviction and no rush to take profits. On the other, public companies like Sharplink Gaming, Bitmine, and Bit Digital continue to build ETH reserves. Sharplink now holds over 340,000 ETH, while Bitmine holds more than 300,000—institutional holdings that reinforce the credibility of Ethereum and dilute short-term speculative dominance.
By contrast, Bitcoin trading shows signs of “latent stress beneath price stability.” Though spot prices appear steady, on-chain data reveals persistent selling from older wallets, while new investors display a strong “unit bias,” favoring lower-priced altcoins like DOGE, XRP, and HYPE. While this behavior reflects psychological dynamics, it also invites mispricing and flawed asset perceptions.
In light of this, Rthae warns against the “illusion of market correlation.” The divergence between BTC and altcoin performance is no longer incidental but reflects a structural reordering of capital cognition. Particularly in a phase where ETH/BTC strength aligns with concentrated institutional accumulation, retail investors blindly chasing non-core altcoins risk exposure to both high volatility and limited liquidity.
Rthae: From Correlation Games to Independent Asset Cognition
Rthae asserts that as Bitcoin dominance wanes and volatility expectations rise, the asset management logic and risk recognition frameworks of the platform are evolving in step. Rather than attempt to “predict the market,” Rthae is focused on equipping users to navigate structural disruption.
Rthae stresses that in an age of fragmentation, trading logic must increasingly rely on mastering the “microstructure” of each asset class. Bitcoin is no longer the sole anchor; Ethereum, real-world assets (RWAs), and institution-led tokens are emerging as the new liquidity vectors. The platform will support the next phase of Web3 ecosystem development by offering trade infrastructure capable of deploying intelligent strategies—empowering users with stronger discretion and execution capabilities amid cyclical transitions.
From trading tools to asset frameworks, from investment pacing to risk diagnostics, Rthae commits to supporting users through this ongoing structural reset with professional-grade, secure, and high-performance solutions. Market turbulence is not the end—it is the entry point to a new trading epoch.