Important collection restaurants
Altcoins saw a broad rotation in July. Despite the rally, the rising inflow of the exchange and btc.d suggest that under 63% are that traders may be in strength.
July marked a decisive shift in crypto market structure.
The total crypto market capitalization increased by 13.3%, powered by Bitcoin [BTC] Testing all time again. But the head: Ethereum [ETH]-Led rotation, fed by a record 19-day line of net inflow in spot-eth ETFs.
What followed? Despite the main rally of BTC, Bitcoin Dominance [BTC.D] 5.2% fell to 60.6%, while Altcoin Dominance nailed 10% to 39.2%, which marked the strongest rotation since the beginning of 2021.
Source: TradingView (BTC.D)
Zoom in on leadership dynamics, Ethereum Dominance [ETH.D] Strength more than 12%, recovering levels that are no longer seen since the ‘Trump -Pomp’, whereby the BTC eth -Ratio broadened as the capital flowed the risk curve.
Although Ethereum led the cargo, the rotation spread broadly across the market, with Altcoin Dominance steadily eating in Bitcoin’s share.
TOTAL3 (the market capitalization excluding BTC and ETH) saw a $ 100 billion+ inflow after BTC ATH, which signaled aggressive streams in the long tail of Altcoins, with Traders clearly chase out Momentum about from bijters.
Exchange-Side Pressure builds on Altcoins
Since tapping a local top of $ 1.07 trillion, a total of 3 has been transferred to $ 980 billion, which means that around $ 20 billion has been running over the past two weeks. At the same time, BTC.d printed two strong weekly green candles.
Add to that, a new cryptoquant lend marked a sharp peak in Altcoin deposits to Binance. According to the report, the number of transactions of 7 days beyond 45k has been torn, which marks the highest since the end of 2024.
What is striking is the timing. BTC remains just below ATH levels, but altcoins see an increase in inflow. Historically, similar peaks (March and November 2024) started drawing on both BTC and Alts.
Source: Cryptuquant
As an addition to the signal, BTC.D was turned red on the week, which was below 63%. Although it refers to Altcoin rotation, the aggressive inflow suggests that traders may be in strength, not rotating.
In short, the market has an important pivot.
The July rally pushed risk assets in overbought levels, in which altcoins saw out. Eth down 3% signals momentum blur. If this comes out, we will probably look at a CoolDown phase before a new outbreak.