CoinWorld news, Bitcoin (BTC) has risen for the fourth consecutive month. However, the first red weekly candlestick of July has just ended. While many analysts believe the bull market may not yet be over, some concerning signals have begun to emerge, suggesting a potential price correction or consolidation. After four consecutive months of gains, should Bitcoin take a breather? These warning signals do not necessarily mean Bitcoin will reverse, but they are early indicators that require attention before a stronger trend or significant volatility occurs. Firstly, the flow of Bitcoin whales to exchanges has shown a significant increase in July. This metric reflects the trading volume sent to exchanges by BTC whales, which typically indicates selling intent. According to analyst Darkfost, during the last two market peaks, whale capital inflow exceeded $75 billion, marking the beginning of a correction or consolidation phase. Between July 14 and July 18, 2025, this figure reached $45 billion. This sharp increase suggests heightened activity among large investors. Darkfost's view aligns with recent on-chain observations from Lookonchain. Today, Lookonchain reported that a savvy Bitcoin whale sent 400 BTC (worth $47.1 million) to Binance for profit-taking, with total realized gains reaching $91.5 million. In addition to whale flow, on-chain data revealed another signal: the Coin Days Destroyed (CDD) of Bitcoin reached a one-year high in July. CDD measures the length of time tokens are held before being moved. It reflects the sentiment and behavior of long-term holders. Higher CDD values indicate that long-term holders are moving their tokens and may be looking to sell. According to CryptoQuant data, the 30-day average CDD in July exceeded 31 million, the highest level since April 2024. A previous report from BeInCrypto noted that spikes in this metric often herald significant market adjustments. However, on the positive side, it can also be seen as a redistribution to new investors. Finally, the changing correlation between altcoins and Bitcoin has raised further concerns. According to Alphractal, the altcoin-Bitcoin correlation heatmap recently fell below zero. This shift indicates that altcoins have outperformed Bitcoin recently. However, historical data shows that low correlation between Bitcoin and altcoins is often a dangerous signal. Since the beginning of 2025, this metric has turned negative three times. The first time was in January when Bitcoin's price dropped from $110,000 to $74,900. The second time was in May when BTC fell from $112,000 to $98,500. Now, we are witnessing the third occurrence. A recent report from BeInCrypto also highlighted another concerning signal: the Coinbase Premium has decoupled from the Kimchi Premium. This decoupling indicates an imbalance in bull markets around the world, primarily driven by strong institutional demand in the U.S.
