Market Overview: Over 90% of ETH Holders in Profit as Trump Victory Boosts Bitcoin Positions
With U.S. markets closed for Thanksgiving yesterday, spot ETFs saw no capital inflows or outflows.
Key Insights
IntoTheBlock reports 90.8% of ETH holders are currently profitable—the highest level since June.
- Only 9.2% remain underwater, holding just 2.8% of total ETH supply, minimizing potential sell pressure.
- CryptoQuant CEO notes Bitcoin’s dominance is unlikely to drop rapidly, with large-cap altcoins rising 16% versus BTC’s 37% growth.
- Bitcoin futures open interest surged past $60 billion post-Trump’s election win (Nov 5), reflecting heightened speculative activity. Analysts view this as organic growth driven by price expectations.
Market Hotspots
AI Sector Rally
- WLD (Worldcoin): Up sharply with 17M+ global iris verifications; current FDV at $26B despite daily unlocks.
- FET, THETA: Also gain momentum amid AI narrative.
ALGO’s Resurgence
- 200% monthly surge, though still 90% below ATH ($3.44).
- $2.85B circulating cap suggests limited upside potential.
BTC & Altcoin Trends
- BTC: Consolidates above $96K; ETF flows paused due to holiday.
- ETH: Holds strong at $3.55K, supported by monthly mid-Bollinger band.
- Altcoins rise broadly, but AI remains the dominant narrative.
FAQ Section
Q: Why is WLD rising despite high FDV?
A: Low circulating supply and strong AI hype temporarily outweigh unlock risks.
Q: Can ALGO sustain its rally?
A: Unlikely—limited use cases and high fully diluted valuation cap gains.
Q: How does Trump’s win impact crypto?
A: Policy optimism and institutional interest are driving speculative positioning.
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👉 Explore AI tokens on OKX
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