Bitcoin Pushes Top-100 Concentration to 2021 Levels
A narrow group captures most non-stablecoin market value, leaving altcoins with a much smaller share of capital and making market growth more dependent on the largest assets.
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A narrow group captures most non-stablecoin market value, leaving altcoins with a much smaller share of capital and making market growth more dependent on the largest assets.
The Binance founder's split read is the framing a market sitting on its year lows wants to hear: the macro tape is heavy, but the bid has not left the room.
The single-day outflow more than doubled the prior session's $223M inflow, signalling that the soft-jobs relief trade lacked a bid once rate-cut odds repriced.
Hyperliquid alone absorbed more than half of the net inflow tracked across the major perpetual DEXs in that window, a one-day concentration that has become characteristic of how capital now routes…