Bounce Token surges 20%, leading the charge. Pocket Network and Stable also see double-digit gains.

As of 6:32 PM on the 2nd, Bounce Token (AUCTION) ranked first overall on Bithumb, Korea's leading virtual asset exchange, with a 20.75% increase. Pocket Network (POKT) ranked second with a 19.14% increase, followed by Stable (STABLE) with a 14.90% increase.

According to Bithumb's period-by-period return analysis, stablecoins delivered overwhelming returns to short- and mid-term investors, recording a one-week return of 28.63% and a one-month return of 67.24%. IRIS (IRYS) showed steady growth, rising 8.42% on the day, recording a one-week return of 12.52% and a one-month return of 47.47%. Pocket Network also attracted investor attention, recording a one-week return of 10.59%.

In terms of medium- to long-term returns, Firmachain (FCT2) performed well, with a three-month return of 8.24%. However, most top-ranked stocks recorded negative returns in both three- and six-month periods, reflecting the recent market correction. Bounce Token recorded a three-month return of -9.23% and a six-month return of -40.92%, while Pocket Network recorded a six-month return of -65.58%.

According to Bithumb's "Investment Status of the Wealthy," Bitcoin (82%) holds the largest holding among the top 5,000 investors. This was followed by Ethereum (78%), Ripple (72%), Solana (45%), and Ethereum Classic (37%).

Among the purchased assets, USDC (USDC) accounted for 18%, SUI (SUI) 14%, Algorand (ALGO) 13%, BNB 10%, and Tether (USDT) 10%. This is an indicator that large investors are diversifying their portfolios beyond major coins with stablecoins and Layer 1 blockchain projects. In particular, the fact that stablecoins USDC and Tether accounted for a combined 28% of purchases suggests a clear preference for safe-haven assets amid market uncertainty.

Bithumb's technical analysis tools provide investors with a variety of trading signals. The "Assets Entering an Uptrend" section provides real-time information on stocks that have captured a "golden cross" signal, where the 20-day moving average crosses above the 60-day moving average. Bitlayer (BTR) fell 2.87% but showed a golden cross signal, while Exi Infinity (AXS) fell 6.51%, Eclipse (ES) remained flat at 0.00%, Mibus (MEV) fell 9.01%, and Enso (ENSO) fell 5.73%, signaling an uptrend entry.

The "Is Now the Bottom?" segment presents stocks with a Relative Strength Index (RSI) below 30%, indicating oversold conditions. Chainlink (LINK), Pundi X (PUNDIX), COTI (COTI), Gala (GALA), and Apecoin (APE) all recorded an RSI of 0.00%, indicating extreme oversold conditions and attracting attention as potential dip buying opportunities. These stocks are down 1.95%, 2.91%, 2.01%, 1.57%, and 2.74%, respectively, suggesting the possibility of a technical rebound.

Analysis of trading strength allows you to identify stocks with strong buying and selling pressure at a glance. Ethereum Name Service (ENS) showed overwhelming buying strength with 137.86%, followed by Layer Zero (ZRO) at 127.40% and Bitcoin Cash (BCH) at 121.45%. USD Coin (USDC) and ZK Pass (ZKF) also showed strong buying strength with 120.24% and 118.49%, respectively. Conversely, stocks with strong selling pressure included Prax Shares (FXS) at 50.06%, Sun (SOON) at 55.07%, Radworks (RAD) at 58.59%, Bitlayer (BTR) at 60.90%, and Mibus (MEV) at 61.62%.

Bithumb announced that Bitcoin is currently trading at a 1.65% premium (KRW 1,858,000) and Ethereum at a 1.84% premium (KRW 61,000) compared to global exchange Binance. Ripple is trading at a 1.59% premium (KRW 37), and Ada at a 1.66% premium (KRW 7). This is interpreted as an indicator of the continued robust demand for virtual assets among domestic investors.

Joohoon Choi joohoon@blockstreet.co.kr