Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test
2025-07-10 13:00:24
Main Idea
Bitcoin's market dominance is being tested as whales shift strategies, with data showing increased interest in altcoins and significant Bitcoin outflows from exchanges indicating long-term holding intentions.
Key Points
1. Bitcoin's market dominance stands at 63.8%, but altcoins like Ethereum and Solana are showing breakout price movements.
2. 10,000 BTC were withdrawn from exchanges on July 7, marking significant asset holding, suggesting long-term holding intentions.
3. The total cryptocurrency market capitalization has risen to $3.47 trillion, with the Crypto Fear and Greed Index signaling greed at 71.
4. CoinMarketCap’s Altcoin Season Index is at 27/100, indicating growing interest in altcoins as whales diversify portfolios.
5. Bitcoin faces strong resistance near its record high, with technical indicators like RSI and MACD suggesting possible short-term cooling.
Description
Recent blockchain data indicates a shift in whale strategies since early July. Big investors are potentially turning towards altcoins for higher returns. Continue Reading: Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test The post Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test appeared first on COINTURK NEWS .
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