July delivered the clearest stabilization since April, but not a full risk-on transition. Market breadth improved, lending activity rebounded modestly, and tokenized equity adoption accelerated, while weak turnover and elevated Bitcoin dominance kept the recovery concentrated.
Market Breadth Improves, but the Rally Remains Uneven
After a dismal June, market breadth improved significantly. In July, 55% of the top 100 cryptos ended the month in the green zone. For comparison, only about 13% of this list grew last month. This confirms that the recovery has extended beyond just a few of the largest assets, though it has not yet developed into a full-fledged broad rally. The main constraint remains the significant gap between the average and…
