Ethereum (ETH) deposits to Binance have been increasing for five consecutive days, while Bitcoin's Short-Term Holder (STH) Net Position Realized Cap has surged, indicating aggressive accumulation by retail traders during the ongoing rally.
Rising short-term holder activity, often occurring near market tops, raises concerns about overheating markets, as retail buyers aggressively enter strong rallies.
US President Donald Trump announced a comprehensive bill including sweeping tax cuts and increased military spending, potentially injecting additional disposable income into households.
Investor sentiment in cryptocurrency markets is influenced by geopolitical tensions, increased retail buying, and macroeconomic developments, with a focus on whether these indicate a market top or a rotation into defensive assets.