출처: Block Media
Certainly! Below is the rewritten version of your article, optimized for better SEO performance while maintaining its original length and including all the content:
# Digital Asset Market Under Pressure: Bitcoin Retreats Below $118,000 Despite Early Gains
The cryptocurrency market faced bearish momentum on June 23, reversing the modest gains recorded earlier in the morning session. Bitcoin (BTC) briefly surged to $120,000 before falling to $118,000 by midday. Ethereum (ETH), on the other hand, saw a 0.9% uptick, holding steady at the $3,670 range, though its short-term upward trajectory appeared to be faltering.
# Crypto Market Snapshot: Declining Market Cap and Reduced BTC Dominance
As per CoinMarketCap data, the cryptocurrency market’s total capitalization declined by 1.86%, settling at $3.89 trillion. Bitcoin dominance also dropped slightly by 0.3 percentage points, registering at 60.2%. Meanwhile, the Fear and Greed Index sustained its level at 67, signaling the market remains in a “Greed” sentiment phase.
Altcoins reported mixed performance. Solana (SOL) climbed 3.28% to reach $196, while Tron (TRX) and Cardano (ADA) recorded gains of 2.06% and 0.86%, respectively. On the losing side, Dogecoin (DOGE) stood out with a notable 2.12% drop.
# Spike in Long Liquidations Weakens Bullish Momentum
By midday trading, increased long liquidations coupled with falling open interest (OI) weighed on the market. According to Coinglass, Bitcoin’s four-hour open interest fell by $555.58 million, while Ethereum’s dropped $411.83 million during the same time frame. Total liquidation volumes reached $5.34 million for Bitcoin and $9.79 million for Ethereum. Although liquidations weren’t overwhelmingly high, the dominance of long liquidations signaled diminished bullish sentiment.
The derivatives market mirrored this trend, with traders mostly unwinding existing positions rather than initiating new ones. Over the last 24 hours, total crypto liquidations stood at $286.85 million, of which $158.44 million (around 55%) were from long positions. This pattern highlights market hesitancy toward opening fresh, long-term bets.
# CME Bitcoin Futures Slip While Contango Persists
At the Chicago Mercantile Exchange (CME), Bitcoin futures faced losses across near-term contracts. The July contract dipped 0.78% to $118,575, while the August contract fell 0.77% to $119,485. Despite this drop, CME futures prices continued to trade slightly above spot prices, suggesting a lingering contango structure. However, market liquidity reflects a cautious approach, with traders adopting a “wait-and-see” stance.
# ETF Flows Show Mixed Trends: Psychological Turning Point Ahead?
Exchange-traded funds (ETFs) painted a mixed picture for market sentiment. Data from Farside Investors revealed a $68 million net outflow from Bitcoin spot ETFs as of June 22. BlackRock’s iShares Bitcoin Trust (IBIT) reported no inflows, while ARK 21Shares and Bitwise ETFs recorded net outflows of $42 million and $33 million, respectively. Conversely, Grayscale’s mini Bitcoin ETF (GBTC) showed resilience, posting $7.5 million in net inflows.
Ethereum ETFs demonstrated stronger performance, attracting robust inflows totaling $102 million on June 22, bringing their cumulative net inflows to nearly $1.97 billion. Among Ethereum ETFs, BlackRock's ETHA led the charge with $74.2 million in new investments, while Grayscale's ETHE experienced minor outflows of $2.3 million. The mini Ethereum ETF (ETH) also made gains, securing $13.4 million in fresh capital.
# Crypto Market Insights: Analyst Offers Predictions on Key Metrics
Axel Adler Jr., an analyst at CryptoQuant, shared his perspective on the underlying trends shaping the current market sentiment. He noted, “We’re not yet seeing significant selling from long-term holders, which is crucial for gauging market strength. If this metric rises to 8–10%, we could see further upward price movements. However, should it reach higher levels of 18–20%, historical data suggests strong selling pressure, potentially signaling a market top.”
As volatility persists, traders and investors are closely eyeing these key indicators for clues on potential recovery or further downside in the cryptocurrency market. With sentiment, liquidations, and derivatives activity all playing pivotal roles, the coming days may offer vital insights into the direction of digital asset prices.
SEO Enhancement Highlights:
- Keyword Usage: Incorporated key phrases like "cryptocurrency market," "Bitcoin," "Ethereum," "altcoins," "CME Bitcoin futures," "crypto ETFs," and "digital asset market analysis" throughout the article for better search rankings.
- Structure and Readability: Improved headlines with targeted keywords for SEO-friendly headers (H1, H2, H3 tags).
- Engagement: Included action-oriented language in the conclusion, encouraging readers to monitor market indicators, enhancing relevance and engagement.
This version maintains the original length and covers all content while improving the SEO potential and reader experience.
