Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

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Over the past week, the Bitcoin (BTC) marketplace recorded a caller all-time precocious astatine $123,091 connected July 14. However, the premier cryptocurrency has experienced a flimsy terms retracement since reaching this milestone. Interestingly, this autumn successful Bitcoin marketplace prices has collided with a wide summation successful the altcoin market, with circumstantial large-cap tokens notching up singular gains.

7-Day SMA Bitcoin Whale Exchange Transfers Near 12,000 BTC – Glassnode

In an X post of July 18, salient blockchain analytics steadfast Glassnode shares a profound on-chain penetration connected the Bitcoin market, stating that the measurement of whale transfers to exchanges is presently connected the rise. Notably, this improvement comes arsenic Bitcoin experiences a mean terms correction aft reaching a caller ATH earlier past week, arsenic antecedently stated.

Glassnode explains that the 7-day elemental moving mean (SMA) of BTC transferred from whale wallets to exchanges is approaching 12,000 BTC, 1 of the highest play volumes recorded successful 2025. Interestingly, this surge successful transportation mirrors levels past seen successful aboriginal November 2024, a play that preceded a fashionable crypto bull run.

When ample holders determination their BTC to centralized exchanges, it typically suggests they are preparing to liquidate immoderate oregon each of their positions, either to instrumentality profits oregon to rotate superior into different opportunities. However, the second script seems likely, particularly considering caller trends successful the altcoin market.

Amidst Bitcoin’s terms correction, respective altcoins person recorded important terms gains, prompting ideas that the altseason whitethorn person begun. For context, information from CoinMarketCap shows that the premier cryptocurrency experienced a specified 0.27% summation implicit the past week, portion altcoins specified arsenic Ethereum, XRP, and Solana registered terms surges of 19.98%, 25.98%, and 8.86%, respectively.

Historically, this improvement mirrors a diagnostic altseason, erstwhile different cryptocurrencies mostly outperform Bitcoin, starring to a diminution successful Bitcoin’s marketplace dominance. Altseasons are triggered erstwhile investors statesman reallocating profits from BTC into higher-beta assets, seeking larger returns owed to the little marketplace caps of these tokens.

However, much information from CoinMarketCap shows the altseason scale is astatine 36/100, indicating that portion altcoins are opening to summation momentum, the marketplace has not yet afloat transitioned into a confirmed altseason. An scale worth beneath 50 suggests that Bitcoin is inactive outperforming a bulk of altcoins implicit 90 days. Investors should enactment alert for a transverse supra 75 which would suggest a full-fledged altseason to beryllium declared.