A major Zcash holder deposited $6.27 million into Hyperliquid and executed a long position worth $12.12 million, securing $1.25 million in profit after closing the trade. ZEC traded at $574.92, down 4.42% in 24 hours, following a peak of $744 three days earlier. Open Interest rose 9.77% to $939.31 million, reflecting increased derivatives activity.

Dogecoin encountered selling pressure at the $0.18 level after declining 31% over the past month, according to CoinMarketCap. The memecoin fell 2.67% in 24 hours, with Open Interest dropping 3.66% during the same period. Technical indicators point to continued bearish momentum as traders maintain a short-term negative sentiment.

Solana is showing early recovery signals after weeks of volatility, with the TD Sequential indicator flashing a buy signal on the daily chart near $150 support. Solana-linked ETFs accumulated over $300 million in inflows shortly after launch, contrasting with outflows from Bitcoin and Ethereum products. The development follows launches of Bitwise's Solana Staking ETF and Grayscale's Solana Trust, which analysts described as placing Solana in the same regulatory category as Bitcoin and Ethereum.

Ethereum reclaimed the $3,500 level with a 3.7% gain in the past 24 hours. More than $56 million in ETH derivative positions were liquidated, with short sellers accounting for approximately $43 million. Open interest has climbed to multi-month highs, indicating renewed trader participation in the market.

Large Dogecoin holders have sold over 3 billion DOGE tokens worth approximately $520 million in the past 30 days, on-chain data show. The selloff occurred as DOGE's price dropped from $0.30 in September to $0.17, marking a nearly 43% decline. Wallets holding between 10 million and 100 million DOGE distributed the tokens during October's volatile market conditions.

Altcoin trading volume has reached 51% of total cryptocurrency market activity, but rising Bitcoin Dominance at 60.5% suggests BTC may outperform most altcoins in the near term. The altcoin market cap remains unable to break above $1.13 trillion, a resistance level established during the 2021 cycle. Elevated trading volume likely reflects selling pressure rather than bullish accumulation, according to analyst Maartun.

Ethereum stabilized above the $3,300 support level after a 12% weekly decline. The cryptocurrency briefly dropped to $3,000 on November 4 before recovering to approximately $3,400. On-chain data reveals significant whale accumulation, with one treasury company acquiring over 744,600 ETH worth $2.53 billion since October 5.

The Ethereum Rainbow Chart, a logarithmic valuation model, indicates ETH may trade across multiple price bands by month-end. ETH traded at $3,425 at press time, posting a 0.5% gain over 24 hours but declining 12% weekly. The chart positions current pricing near the lower edge of the "Steady..." band, suggesting moderate undervaluation relative to historical growth patterns.