Bitcoin Moves One Step Closer to ATH, Which Altcoin Will Follow? - Coinspeaker

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### Key Notes* Bitcoin is currently trading at $107,206.34, corresponding with a slight rally over the last 24 hours.* CryptoQuant analyst, Darkfost, noted that the inflows into Binance have reduced, a bullish sign.* Altcoins like Solana and Ethereum show signs of potential price recovery.Bitcoin  BTC$107 77024h volatility:2.1%Market cap:$2.14 TVol. 24h:$28.80 B  price has recently registered promising price gains, bringing it closer to its last all-time high.The spike in price has caught the broader cryptocurrency sector by surprise, and the question for many now hinges on the potential altcoin that will show the same positive traits.## BTC Inflows on Binance Drop DrasticallyBitcoin price has risen to $107,206.34, marking a 1.85% rally over the past 24 hours. Its market capitalization and trading volume currently stand at $2.13 trillion and $45.2 billion, respectively. Despite this slight recovery, signs of low volatility and uncertain macroeconomic conditions remain.Darkfost, a well-known CryptoQuant analyst, has shared insights on the current outlook for the coin. Firstly, he noted that the analysis of Bitcoin inflows, rather than its outflows, is a better indicator and provides a more accurate picture of market sentiment. This is particularly true for Binance, which has the largest trading volume amongst its counterparts.Data from 2020 onward shows that the monthly average of BTC inflows to Binance stood at around 12,000 BTC. However, this metric has fallen to just 5,700 BTC, even with the top coin trading around $107,000. The current value is even lower than recorded when the broader market faced an intense bear market.For context, monthly inflows on Binance were capped at around 24,000 BTC when FTX imploded in 2022. This was a reflection of panic and large-scale selling pressure. The pattern highlights Binance dominance as a top platform where investors perform their transactions.In addition, it is a confirmation that spikes in inflow are likely powered by selling pressure or fear-driven behavior. Based on the current outlook, Darkfost noted that the market appears to have entered a holding phase that could last for an extended period. He advised investors to exercise caution, as the market remains fragile.Meanwhile, BTC’s recent price increase could serve as a foundation for other digital assets to rally. For instance, Solana  SOL$145.924h volatility:0.4%Market cap:$77.50 BVol. 24h:$3.82 B  price has been on a downtrend, going as low as $128 a few days ago.With BTC in an uptrend, SOL price has equally spiked by 2.88% and is resting at $146.09. Sustained positive momentum for BTC may finally bring Solana to new highs.Assets like Ethereum  ETH$2 41724h volatility:0.8%Market cap:$290.82 BVol. 24h:$16.14 B  , XRP  XRP$2.2024h volatility:0.7%Market cap:$129.76 BVol. 24h:$2.49 B  and Binance Coin  BNB$645.924h volatility:0.7%Market cap:$94.15 BVol. 24h:$821.87 M  may also trail a similar path, riding on their respective correlations with BTC to chart new growth course.## Snorter Bot Technology and Ongoing PresaleSnorter Bot is the hottest new Solana meme crypto trading bot shaking up the scene. Its ongoing presale has already raised over $1.26 million, and investors are rushing in, sensing huge potential.This quirky aardvark-themed project isn’t just fun and games. It combines meme coin energy with serious trading power. Like its adventurous mascot, it digs deep into market data to deliver real-time insights and seamless trading right on Telegram. Get ready, because this is one crypto launch you don’t want to miss!### Current Presale Stats**Current Price**: $0.0963**Amount Raised So Far**: $1.2 million**Ticker**: $SNORT**Operating Platform**: TelegramRelated article: Top Indicator Says Bitcoin Hasn’t Peaked Yet: $167K in SightThere’s only about a day left to jump into the Snorter Bot presale. You can buy easily with cards or crypto. Don’t miss your chance to get in early and unlock exclusive features!nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.