Analysis: Bitcoin market dominance surges, but two indicators warn of a bear market

PANews reported on June 23rd that 10x Research analyzed on X platform that although Bitcoin's market dominance has soared to a new cycle high, two key indicators are showing early signs of broader market pressure. Ethereum, which previously rose due to ETF optimism, is now struggling due to over-leveraged futures positions. Meanwhile, the (market-based) liquidity, which has been the invisible driving force behind each rebound, is quietly drying up, and the often-overlooked stablecoin capital flow is also showing a clear trend as summer approaches. Some major market buyers are withdrawing, and key technical levels are facing a test. Bitcoin and Ethereum are experiencing a correction as expected, both releasing signals of shifting from bullish to bearish. The previously warned risk of Ethereum falling below $2,420 has come true, and two key indicators may soon turn bearish for Bitcoin, potentially having a broad impact on the entire crypto market.