Market Shifts in BTC & ETH as SLAY Token Gains Momentum on BingX

[Dhray]

Bitcoin is consolidating around $112.3k after weekend selling pressure, while Ethereum trades near $4,580 following strong capital inflows into ETH-based products. Outflows of ~$1B from BTC ETFs contrast with ~$2.5B inflows into Ethereum this month, lifting ETH’s market dominance to 23.6%.

In parallel, SLAY entered BingX trading with a sharp 36.9% gain, jumping from $0.020 to $0.036 before cooling near $0.027. The token supports SatLayer, a protocol extending Bitcoin’s function into programmable collateral for decentralized apps, from DeFi and stablecoins to AI and insurance.

With Bitcoin facing sell pressure and Ethereum attracting institutional inflows, SatLayer arrives at an interesting moment for the market.

Do you see protocols like SatLayer as a way for Bitcoin to compete with Ethereum’s growing dominance?