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Opinion: Currently, most coins have not reached their ATH, which may indicate that Bitcoin still has significant upside potential

By: theblockbeats.news|2025/07/11 16:51:54

BlockBeats News, July 12th, according to The Kobeissi Letter citing data analysis from Sentimentrader, the vast majority of coins are currently not in their all-time high range (within 5% of their high in the past 252 days).

In contrast, when Bitcoin hit new highs in February and November 2024, approximately 75% and about 40% of cryptocurrencies were within 5% of their 252-day highs, respectively.

Historically, when a large number of cryptocurrencies are trading near their all-time highs, Bitcoin tends to pull back. The current divergence suggests that Bitcoin may still have more room to grow.

M briefly fell below $0.62, a drop of more than 35% in one hour

If Bitcoin drops below $106,000, the mainstream CEX long liquidation pressure will reach 775 million.