Bitcoin dominance breakdown may trigger capital flow into altcoins.
Whale profit-taking hints at short-term pressure despite bullish structure.
Bitcoin dominance has entered a confirmed bearish structure, suggesting a market shift in favour of altcoins. A sharp drop below key support levels has reversed a long-standing uptrend. At the same time, a major whale has taken profits, raising short-term BTC volatility concerns. Meanwhile, Bitcoin continues trading above $119K, supported by strong investor interest.
Bitcoin Dominance Confirms Breakdown, Altcoins Poised to Gain
Bitcoin’s dominance fell sharply to 60.84%, breaking below a major ascending wedge. The move signals a bearish structural change that had been forming since late Q2. Critical support of nearly 62% failed to hold, validating a rising wedge breakdown.
BITCOIN DOMINANCE BREAKOUT INTO BEARISH STRUCTURE IS CONFIRMED
CYCLE PEAK CONFIRMED pic.twitter.com/lXEpvDPzHs
— Mikybull Crypto (@MikybullCrypto) July 21, 2025
Analyst Mikybull Crypto highlighted the pattern as a confirmation of a macrocycle peak in Bitcoin’s dominance. The chart shows a steep vertical sell-off after wedge completion, reinforcing downside risk.
With BTC dominance declining from over 66% in recent weeks, capital is rotating into altcoins. Analysts suggest this divergence could mark the beginning of a potential altseason extending into Q3 2025.
Whale Realises 109% ROI with Major BTC Deposit to Binance
Lookonchain data revealed a major whale moved 400 BTC (worth $47.1M) to Binance today. The investor had previously acquired 1,500 BTC between June 2023 and November 2024 at an average of $56,282. The latest move brings realised profits to $91.5 million, a 109% return on the total investment.
A smart Bitcoin whale deposited 400 $BTC($47.1M) into #Binance today to take profits.
This whale accumulated 1,500 $BTC(cost $84.4M) at an average price of $56,282 in June 2023 and November 2024, and still holds 1,100 $BTC($129M).
Total profit: $91.5M+
ROI: 109%… pic.twitter.com/zBjRaztzh8
— Lookonchain (@lookonchain) July 21, 2025
The whale still holds 1,100 BTC, currently valued at around $129 million, indicating long-term bullishness. However, today’s transfer marks the largest single profit-taking event in two years, potentially increasing near-term market pressure. Historical records show steady accumulation via Binance hot wallets, with today’s move signalling a strategic sell phase.
At press time, Bitcoin (BTC) is trading at $119,438.99, gaining 0.97% in the past 24 hours. Price briefly dipped below $117K but rebounded quickly, showing resilience amid rising volume. A 41% surge in trading activity reflects renewed interest and buying momentum, helping BTC approach recent highs despite whale-driven outflows.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
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