Altcoin deposits spike above 45K on Binance: Is Bitcoin ready to step back in?

Key Points

1. Total crypto market cap surged 13.3% in July, driven by Bitcoin retesting all-time highs, but altcoin dominance spiked 10% to 39.2%, marking the strongest rotation since early 2021.

2. Ethereum dominance rose over 12%, reclaiming levels last seen during the 'Trump pump,' with capital flowing down the risk curve and the BTC–ETH ratio widening.

3. TOTAL3 (market cap excluding BTC and ETH) saw a $100 billion+ influx post-Bitcoin's rally, but has since rolled over to $980 billion with $20 billion in outflows over two weeks.

4. Altcoin deposits on Binance spiked above 45K, the highest since late 2024, historically a signal preceding drawdowns in both BTC and altcoins.

5. BTC.D (Bitcoin dominance) stalled below 63%, and ETH's recent 3% decline suggests fading momentum, indicating a potential cooldown phase before any fresh breakout.