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02:37
Analysis: Ethereum's Market Cap Share Declines, Signaling Structural Market Shift
On May 25, according to BIT analysis, during the bull market of 2020-2021, smart contract platforms were widely expected to reshape some of the infrastructure and business processes in the traditional financial system. However, the high expectations have not materialized, and Ethereum's market cap share in the digital asset ecosystem has continued to decline. Currently, Ethereum's market cap share has fallen below 10% again, shrinking by more than half compared to two years ago. This indicates a continued decline in ETH's relative position in the crypto market. For investors heavily holding ETH, this trend is concerning. The ongoing decrease in ETH's market cap share suggests that funds are flowing towards other narratives or ecosystems. If this trend continues, ETH may remain under pressure and maintain a relatively weak position.
02:36
After partial liquidation of Ethereum long positions, Machi Big Brother continues to add positions and now holds 5,950 ETH.
According to Odaily, Hyperbot data shows that after suffering partial liquidation on his recently opened 25x leveraged Ethereum long position, “Maji Brother” Huang Licheng has continued to increase his holdings. He currently holds 5,950 ETH, with a position value of approximately $12.5 million, an unrealized profit of $25,000, and a return on investment of 5.05%.
02:35
The crypto market shows mixed performance, with RWA sector up nearly 2%, while the NFT sector drops over 4%.
According to Odaily, based on SoSoValue data, the overall crypto market sector remains in a consolidation phase. Bitcoin (BTC) rose by 0.33%, rebounding above 77,000 US dollars after falling below 75,000 US dollars over the weekend; Ethereum (ETH) fell by 0.94%, remaining near 2,100 US dollars. In addition, the RWA sector performed strongly, rising 1.92% in 24 hours, with Ondo Finance (ONDO) up 3.58% and Keeta (KTA) up 7.83% within this sector. Other notable sectors include: the DeFi sector, up 0.15% in 24 hours, with Genius (GENIUS) surging 10.78% due to a combination of factors such as being listed for spot trading on a certain exchange, and Hyperliquid (HYPE) rising 1.73%, breaking through 64 US dollars during trading hours and continuing to set new records; the CeFi sector increased by 0.03%, with Aster (ASTER) up 3.36%. In other sectors, the Layer1 sector fell by 0.08%, but Zcash (ZEC) rose 2.33%; the PayFi sector declined by 0.54%, with Monero (XMR) rallying 2.75% during trading session; the Meme sector declined by 1.09%, while Banana For Scale (BANANA) rose against the trend by 6.62%; the Layer2 sector dropped by 2.08%, but Stacks (STX) remained relatively strong, up 0.28%; the NFT sector fell 4.18%, with Audiera (BEAT) dropping 13.04% within the sector. Indices reflecting the historical performance of the sectors show that the ssiCeFi index rose by 0.04%, while the ssiAI and ssiDePIN indices fell by 9.29% and 6.36%, respectively.
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