ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that shorted 16 altcoins deposited 2.5 million USDC to Hyperliquid 2 hours ago, further increasing the liquidation price of the bundled tokens.Subsequently, it closed part of its short positions in PEPE and XRP, reducing the overall position size to 46.38 million dollars, and is still continuously placing orders to take profit. Over the past month, its profits have reached 13.68 million dollars, and the short position on the bundle of altcoins is still showing a floating profit of 9.01 million dollars.

ChainCatcher news, according to @ai 9684xtpa monitoring, the "short army leader" who shorted 16 altcoins has realized a profit of 9.2 million dollars, with the current position valued at 47.92 million dollars. Among the 16 short positions, only HYPE is in a loss state, while the best performer DOGE has realized a profit of 3 million dollars.

ChainCatcher news, according to @ai_9684xtpa's monitoring, traders who shorted 16 altcoins have accumulated a profit of 9.68 million dollars. Compared to last week's update of 3.56 million dollars in unrealized profit, its current performance is even more remarkable: out of the 16 positions on the Hyperliquid platform, 15 are in a state of unrealized profit, with the only position in loss, HYPE, having narrowed its loss to 1.92 million dollars. The trader's overall position value is 53.3 million dollars, and on June 17, they partially closed positions in ETH, PEPE, INIT, XRP, and others.

ChainCatcher news, according to Coinmarketcap data, the Altcoin Season Index is currently at 24, having previously risen to 30 on June 11. This index shows that in the past 90 days, 24 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.

ChainCatcher news, according to Onchain Lens monitoring, a certain whale deposited 4 million USDC (totaling 6 million USD) into Hyperliquid and opened multiple long positions: POPCAT, PEPE, WIF, BONK, LDO with 10x leverage; ZK with 5x leverage; and PURR with 3x leverage.The whale had previously incurred a loss of 7.75 million USD.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas in a social media post, this summer may see a "Altcoin ETF Summer," with Solana expected to take the lead, along with some composite products.

ChainCatcher news, trader Eugene Ng Ah Sio posted in his personal channel, reflecting on the development of altcoins in the market, especially after the meme coin craze and HYPE, the market patterns have become clear. Projects with the following three characteristics will gain market premiums:A sustainable business model (preferably independent of the bull and bear cycles of the crypto market);Extremely low token inflation achieved through unlocking mechanisms (investors or team sell-offs);A team that values the interests of token holders, usually manifested by using part of the revenue for open market token buybacks (note: this is fundamentally different from the destruction of tokens with no actual value).Eugene stated that currently, projects that meet all three criteria are rare, with HYPE being a prime example. However, it can be anticipated that the next batch of market winners is in the making.

ChainCatcher news, according to CryptoQuant on the X platform, as the cycle approaches its final stage, Bitcoin's dominance may decline, and altcoins may experience sharper gains than in previous patterns.

ChainCatcher news, according to Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe this could trigger a new round of "altcoin season" in 2025.On the technical front, the ETH/BTC ratio is simultaneously showing a cup and handle pattern and a bullish flag pattern. The cup and handle pattern indicates a potential breakout above the 0.02596 BTC neckline, with a technical target near 0.03814 BTC, suggesting a possible increase of 55% by July. Meanwhile, the bullish flag pattern suggests a potential breakout to 0.03235 BTC, about 30% higher than the current level. Analyst Trader Tardigrade stated that a breakout in ETH/BTC could trigger the altcoin season in 2025.Data presented by analyst Sensei shows that the altcoin market cap relative to Bitcoin is retesting a long-term ascending support trendline. Historically, every rebound from this level has signaled a massive surge in altcoins, with one instance leading to a 9,000% increase and another triggering a 180,000% market cap explosion.Analyst Moustache also pointed out that altcoins are breaking out of a seven-year descending wedge, a pattern that appeared before significant rallies in 2017 and 2020, suggesting that a new altcoin season may be on the horizon.

ChainCatcher news, DWF Labs Executive Partner Andrei Grachev posted on social media that the season for "strategic" transactions with publicly listed companies has arrived, and in the future, many listed companies will raise funds to purchase altcoins. This is the development trend of this cycle, especially targeting Nasdaq-listed companies.

ChainCatcher news, according to Cointelegraph, analysis indicates that the price of Ethereum (ETH) has broken through the middle line of the Gaussian channel (around $2,600), a technical indicator that has historically signaled significant upward trends.Analysis shows that ETH could target $4,100, potentially triggering a widespread "altcoin season." After the last two breaks above this level, the market capitalization of altcoins increased by 1,400% (in 2020) and 200% (in 2023), respectively. If Bitcoin's dominance declines again after the halving, analysts expect the market capitalization of altcoins could rise to $15 trillion.However, risks should be noted, as approximately $12.3 billion of ETH holders have a cost basis in the $2,300-$2,500 range, and a price pullback could trigger selling pressure.

ChainCatcher news, according to Santiment analysis, after Bitcoin recently reached a historical high of $112,000, its profits are being redistributed to new altcoins.Among them, the new wallet creation rates for Wrapped Ethereum (WETH), Gatechain (GT), and Maker (MKR) have significantly increased.

ChainCatcher message, trader Eugene Ng Ah Sio posted in his personal channel, "Despite the constant volatility along the way (especially in the altcoin market), Bitcoin still maintains a clear upward trend as of now, currently attempting to regain the $110,000 mark. As long as this trend is sustained, there remains an opportunity for short-term or swing trading in the altcoin market, and the upside potential for various tokens is expected to be revised upwards. This is precisely the manifestation of the 'wall of worry': early buyers begin to take profits, subsequently replaced by marginal buyers who gradually acknowledge the trend."

ChainCatcher news, according to Coinmarketcap data, the Altcoin Season Index is currently at 27, having previously dropped to 22 on May 17. This index indicates that in the past 90 days, about 27 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.Note: The CMC Cryptocurrency Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.