The end or the beginning?
Summer is over, as is the growth of BTC and we are seeing a local market correction, and maybe even a global one, since September and October are often unsuccessful months for BTC.
Summer was extremely successful - BTC grew, ETH grew, many coins took ATH or approached them, dominance is falling, liquidity is flowing out of BTC. Now many people have a popular opinion that the cycle is over and we are starting a systematic bearish trend.
I do not agree with this, but there is a scenario that allows for the start of a bearish cycle, namely:
BTC gradually falls, stagnates, locally buys back and falls, and at this time ETH grows, and then altcoin, after several such months we go into a full-fledged bearish trend across the entire market.
However, such a scenario does not carry anything negative, since most of you have either already left BTC or have not entered it, since you are sitting in the alt.
But this is exactly the kind of growth of altcoins that I expect within 3 months.

ETH unrealized profit is extremely low?
There is such an interesting indicator as unrealized profit, which allows you to compare the estimated value of an asset in comparison with past cycles. To be more precise, unrealized profit is:
Unrealized Profit: This is the potential profit of ETH holders, which is calculated based on the difference between the current price and the purchase price, but these coins have not yet been sold. That is, this is a "paper" profit that can change with price fluctuations.
Despite the fact that ETH is trading near the highs of March 2024, unrealized profit is significantly lower. Then, the relative unrealized profit of ETH reached +2σ (standard deviation) at $ 3.98 thousand, and today it is approaching +1σ. If the ETH price reaches +2σ now, it will be about $ 4.9 thousand.
Thus, this is another argument in favor of the asset reaching $5,000 and updating the high.

ETH - ETFs overtook BTC - ETFs
Last week, the net inflow of funds into spot Ethereum ETFs amounted to $1.85 billion.
During the same period, BTC - ETFs also recorded an inflow of funds, but the result was much smaller, only $72 million.
Ether is now demonstrating a much more confident position in the market and the demand for it is no less than for BTC.
The current situation is encouraging, since I have long focused on Ether and its ecosystem and have always told you about it, recommended it, I hope you listened and are now also getting a good profit.

Market Capitalization Surpasses $4 Trillion for the First Time
With Bitcoin rising to new highs and altcoins surging, the total market value of digital assets has surpassed $4 trillion for the first time.
The current figure is $4.03 trillion; the total trading volume over the past 24 hours has reached $277.4 billion, according to CoinGecko.
“Breaking the $4 trillion mark is not just a symbol, but a sign of a structural revaluation of cryptocurrencies in the global financial system,” said Vincent Liu, investment director at Kronos Research.
BTC dominance continues to decline and currently stands at 61.7% , thus we are seeing a gradual flow of liquidity into altcoins, which everyone has been waiting for.
Alta is starting to grow, investors are moving into the black, the market situation is starting to develop in a positive direction and we can finally breathe a sigh of relief after a difficult period with repeated updates of lows for Alta.

Ethereum Strategic Reserves Reach 1% of Total Supply
Ethereum strategic reserves are dominated by large institutional investors. The Ethereum Foundation is the leader among them.
In recent months, corporate strategic reserves in Bitcoin (BTC) have become the main trend. However, Ethereum (ETH) is gradually catching up.
On June 19, institutional strategic reserves grew to 1,190,000 ETH. The reserves, worth almost $3 billion, represent more than 1% of the total ETH supply.
The five largest institutions control more than 70% of all institutional ETH reserves. The largest holder is the Ethereum Foundation, which holds 269,431 ETH.
Next is SharpLink, a gaming company listed on the Nasdaq. On June 13, she purchased 176,271 ETH and staked 95% of it.

Attacker Compromised Private Key, Minted Nearly 900 Million HAI
The Hacken cybersecurity project team has reported a human-involved private key leak. This resulted in the unauthorized minting of nearly 900 million HAI tokens, causing the coin's value to plummet by 98%.
According to the statement, the private key of an account that acts as a minter on the Ethereum and BNB Chain networks was compromised. The attacker minted nearly 900 million HAI tokens, nearly doubling the supply, and sold them on decentralized exchanges. The damage is estimated at around $250,000.
The incident caused the asset's price to plummet by 97%. According to CoinGecko, HAI's market cap has fallen from $12.7 million to $7.2 million.
Hacken co-founder and CEO Dmitry Budorin took responsibility for the incident. He admitted that he had not implemented the multisig bridge infrastructure five years ago, although he understood the risks involved.
The team revoked permissions from the compromised account, while the wallet from which the contract was deployed was not affected. No other leaks were found.

Vietnam legalizes crypto.
The National Assembly of Vietnam has adopted the Law on the Digital Technology Industry — the country will officially recognize crypto assets from January 1, 2026.
Digital assets are divided into virtual and cryptocurrency (excluding securities and digital fiat).
AML and cybersecurity rules are being introduced — in accordance with international standards (FATF).
The government will develop separate regulatory and supervisory standards.
The gradual adoption of crypto continues, although it is only at the level of 3%, which is equal to social media users in 2005 or Internet users in 1990 (to understand how much room for growth we still have).

Bernstein analysts believe ETH is undervalued
Financial innovation on public blockchains like Ethereum is driven by institutionalization, stablecoins, and tokenization.
“Bitcoin is great, we love it, and we remain confident in reaching $200,000. That’s our conservative but reasonable target for the current cycle,” the analysts said.
However, investor interest is gradually moving beyond just storing value. According to the experts, many market participants are starting to notice “early signs of financial innovation that blockchain is enabling.”
“Some still make the distinction between ‘useful blockchain’ and ‘useless cryptocurrency,’ but Ethereum deserves recognition,” they emphasized.
Ethereum is unique in its role as a decentralized computer, the experts explained. According to them, stablecoins and tokenization are natural use cases for the second-largest cryptocurrency by market capitalization.

The trend on DEX exchanges continues to gain momentum.
At the end of May, we saw that DEX exchanges accounted for 25% of the total trading volume, which was an absolute record. The trend on DEX exchanges began to actively develop with the end of the bullish cycle of 2021 and the beginning of the bearish cycle of 2022.
Most likely, we will see an increase in indicators in the region of 35% - 45% of the total volume, since many do not like centralization. Many exchange tokens will show good profitability against this background.
You can take a closer look at DYDX, which is not showing the best results now, but the exchange itself is functioning perfectly.

BTC on OTC is running out.
OTC is an over-the-counter market where companies and large investors buy and sell BTC without affecting the price. Since September 2021, the volume of available supply on OTC has decreased from 486,000 to 115,000 BTC (4.2 times).
If the rate of outflows continues (currently 276 coins per day), then by the summer of 2026 all the coins will run out.
This is certainly a positive trend for market growth