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Most coins are far from their peaks, and Bitcoin may have greater room for pump.
On July 12, according to data analysis from the data platform, the vast majority of coins are not currently within the historical high point range (5% range of the 252-day high).
In comparison, when Bitcoin sets new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies are within 5% of their 252-day highs.
Historically, when the trading prices of a large number of cryptocurrencies approach historical highs, Bitcoin tends to decline. The current divergence indicates that Bitcoin may still have greater upward potential.