- Market Commentary:BTC and ETH entered a short-term consolidation phase this week after rallying to local highs, with price centers drifting lower and technical indicators showing slower rebound momentum. BTC remained range-bound above $70,000, while ETH moved sideways around $2,200 in a recovery pattern. Altcoins continued to show divergence, with assets such as ETH, XRP, SOL, DOGE, and LINK posting modest rebounds, while some tokens remained relatively weak. Overall, the market is still in a consolidation and repair phase.
- Key Data: Total stablecoin market capitalization remained high at about $311.68 billion, with a 24-hour change of around -0.1%, indicating that on-chain liquidity remains ample. Meanwhile, the prediction market sector continued to expand, with total TVL rising to about $480 million. Over the past 7 days, fees and revenue reached about $2.30 million and $1.65 million respectively, showing continued capital inflows and trading activity.
- This Week’s Focus: The RWA sector continued to expand, with total on-chain market capitalization rising to $22.817 billion and active market capitalization reaching $16.245 billion, showing that the real-world asset tokenization narrative continues to strengthen. At the same time, Ethereum remained the dominant chain for stablecoin liquidity, accounting for about 60.52%, suggesting that on-chain capital still retains the capacity to rotate into high-beta assets.
- Next Week to Watch: Over the next 7 days, the market should closely watch the impact of major token unlocks. ZRO, RIVER, and H are expected to see sizable unlock events worth about $54.50 million, $29.17 million, and $10.85 million respectively. If market risk appetite does not recover further, the pace of supply release and the market’s ability to absorb it may weigh on short-term sentiment and price action.
Discover more details today → Gate Research: BTC and ETH Enter Short-Term Consolidation ｜ Stablecoin Liquidity Remains Elevated
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