[10x Research: Bitcoin Dominance Declines, Altcoins May Take the Lead in Gains] 10x Research stated that Bitcoin's dominance is declining, and fresh liquidity is returning to the market. Historically, this turning point signals that altcoins may take the lead in gains. The latest indicators suggest a potential shift in market performance patterns, with stablecoin inflows continuously rebuilding the foundation for risk appetite. Some token rebounds are driven by spot trading rather than leverage, indicating that this rotation is healthier. The underperformance of active perpetual contract platforms suggests that overextended positions are being closed.

[A Whale Deposits 5.5 Million USDC into HyperLiquid and Opens a 7x Long Position on ETH] A whale deposited 5.5 million USDC into HyperLiquid and opened a 7x leveraged long position on ETH.

SpaceX will transfer 1021 BTC to a new wallet, with an asset value of 94.48 million US dollars. （Onchain Lens）

[A Whale Sells ETH Spot and Then Opens a 7x Long Position on Hyperliquid] Whale address 0x76AB sold 1,654 ETH for 5.49 million USDC and subsequently deposited the funds into the Hyperliquid platform. The address opened a 7x leveraged long position corresponding to 11,543 ETH (valued at approximately $38.4 million), with a liquidation price of $2,907.6.

The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.