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Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test

Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test

CointurkCointurk2025/07/10 15:45
By:Ömer Ergin

In Brief Recent blockchain data indicates a shift in whale strategies since early July. Big investors are potentially turning towards altcoins for higher returns. Technicals and major player actions suggest a possible mini altcoin rally.

Although Bitcoin $111,266 maintains its dominance in the market, recent blockchain data indicates a significant shift in the approach of large-scale investors, known as whales, since early July. According to CryptoQuant, 10,000 BTC were withdrawn from exchanges on July 7, marking the most substantial outflow in recent weeks and suggesting a rising trend towards asset holding. On the following day, Santiment reported a sharp increase in whale transactions exceeding $1 million. Despite Bitcoin’s renewed highs, this activity depicts a potential shift of some investors towards altcoins in search of higher returns. The total market capitalization has risen to $3.47 trillion, with the Crypto Fear and Greed Index signaling greed at a level of 71. Bitcoin’s market dominance stands at 63.8%.

Are Whales Moving From Bitcoin to Altcoins?

CoinMarketCap’s Altcoin Season Index is currently at 27/100, indicating that a complete capital rotation isn’t yet confirmed. Nonetheless, leading altcoins like Ethereum $2,778 and Solana $157 are showing price movements breaking out of consolidation, with an accumulation in whale wallets. Moreover, stablecoin inflows to altcoin-heavy exchanges have accelerated during this period. This trend implies that major players seeking high risk–reward dynamics are increasingly looking beyond Bitcoin.

Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test image 0 CoinMarketCap Altcoin Sezon Endeksi

On the technical side, Bitcoin faces strong resistance just below its new record high. Indicators like RSI and MACD suggest possible short-term cooling as they signal overheating. In contrast, altcoins, with their relatively low dominance ratios, have ample room for upwards movement. Price surges beginning July 9 highlight how portfolio diversification among whales can accelerate price movements.

What Does Blockchain Data Reveal for Altcoins?

Bitcoin outflows from exchanges typically indicate long-term holding intentions. Since the first week of July, the negative net flows to exchanges strongly confirm the holding motive.

Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test image 1 Bitcoin Borsa Akışları

Santiment’s data on July 8 show a whale transaction spike interpreted in dual ways: Some are taking profits while others are making new purchases.

Whales are Shifting Strategies: Bitcoin’s Grip Faces a New Test image 2 Santiment Balina İşlemleri

The timing of this data, arriving just before a price explosion, suggests it’s not coincidental. Meanwhile, stablecoin movements substantiate the shift of whale wallets toward altcoin exchanges, maintaining the expectation of a potential mini altcoin rally.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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