ChainCatcher news, trader Eugene posted on social media that he has currently closed all long positions (except for some BTC) and has started shorting some altcoins. He believes that the impact of the Middle East situation has come to an end, and the overall market trend remains weak.He pointed out that the rebound of BTC from $99,000 to $106,000 has been completed, and the market will return to its previous operating rhythm. At this stage, he will adopt a trading strategy of "long BTC, short altcoins" to respond to the market ahead.

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 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, 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, 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 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 Decrypt, Grayscale's research director Zach Pandl stated that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and the risks facing the dollar; conversely, when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline.Bitcoin benefits from being viewed as a "non-sovereign asset" similar to gold, and it has also absorbed a significant portion of inflows in the crypto market through products like the ETF approved last year.In the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall crypto market, rather than experiencing a significant decline. This judgment is not easy, as both Bitcoin and altcoins have different favorable factors that may come into play.From a macro perspective, we are bullish on Bitcoin; from the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that Bitcoin's dominance will begin to stabilize from the current point.

ChainCatcher news, according to The Block, QCP Capital stated that tariff negotiations and cooling inflation have driven a rebound in market risk appetite, and the rise in digital assets is expected to continue. Coinbase is set to be included in the S&P 500 index, which may serve as a short-term catalyst. Since early April, the market capitalization of altcoins has increased by nearly $100 billion, and the trend of capital inflow is still ongoing.BRN analyst Valentin Fournier pointed out that Bitcoin's dominance has dropped from 65% to 62%, with ETH, SOL, and XRP rising by 58%, 35%, and 23% respectively this month, significantly outperforming BTC. The rotation of altcoins has become the current market focus.

ChainCatcher news, DWF Labs partner Andrei Grachev posted on the X platform that he has just transferred some tokens to DWF Labs' public wallet. DWF Labs is currently buying a large number of various altcoins and will send them to the wallet one by one.Grachev added, "Perhaps we will establish our own strategic reserve. It's under consideration..."

ChainCatcher message, Matrixport stated on platform X that over the past year, crypto Twitter has been calling for a altcoin rebound almost every month, but none have succeeded. However, the altcoin rebound is not driven by chart patterns or some hypothetical lagging actions behind Bitcoin. Instead, they rely on the decline of Bitcoin's dominance and the rise of the total cryptocurrency market cap.As Bitcoin's dominance rises, Ethereum has underperformed, and few other cryptocurrencies have become credible competitors in this cycle. Without a strong alternative narrative or leadership, other cryptocurrencies may continue to lag behind. Our other cryptocurrency performance models currently support this view and remain bullish on Bitcoin.