Bitcoin Market Dominance Remains Steady Near $1.61 Trillion

The crypto market has stabilized around $1.61 trillion, driven by Bitcoin's dominance at 60.15%. Recent data indicates that miners have been actively cashing in on their profits, with approximately 3,400 BTC offloaded during the price rally. This trend suggests a balance between profit-taking and long-term holding.

Furthermore, exchange-traded fund flows in the US reveal a mixed picture. A net outflow of $146 million was recorded for spot Bitcoin ETFs, while Ethereum ETFs experienced a positive inflow of $3.57 million. The stable performance of BTC reflects its continued strong performance despite volatility related to miner's profit-taking and institutional funds flowing into other assets.