Analysis: Bitcoin's market dominance has surged, but two key indicators are signaling a Bear Market warning.

PANews reported on June 23 that 10x Research published an analysis on the X platform that although the current Bitcoin market dominance has soared to a new cycle high, two key indicators have flashed early signs of broader market pressure. Ethereum, which had previously rallied higher on ETF optimism, is now struggling due to over-leveraged futures positions. At the same time, (market-based) liquidity, the invisible driver of each rally, is quietly drying up, and the often-overlooked stablecoin flows are becoming clear in the summer. Some of the big buyers in the market are withdrawing, and the key technical positions are also being tested. Bitcoin and Ethereum experienced a pullback as expected, sending signals from bullish to bearish. The risk of Ethereum falling below $2,420, which was highlighted in the report before the weekend, has come true, and there are two key indicators that are about to turn bearish for bitcoin or have a broad impact on the entire crypto market.