Bitcoin's market cap has currently dropped below 60%, with Ethereum accounting for over 11%. Large transactions and investment movements are recording significant volatility in the global cryptocurrency market.
MAIN CONTENT
Bitcoin's market cap falls below 60%, while Ethereum maintains 11.4%.
Large funds and listed companies are increasing their Bitcoin, Ethereum accumulation and trading.
Newly launched projects and platforms contribute to the development of cryptocurrency and Web3.
Why is Bitcoin losing market cap share?
Data from Coingecko shows that Bitcoin currently holds about 58.5% of the cryptocurrency market cap, down from over 60% previously, while Ethereum accounts for 11.4%.
This reflects the shift of capital flows and diversification of investors into other coins, with Ethereum maintaining its position as number 2. The decline in Bitcoin's market cap is often related to whale selling activities along with macroeconomic volatility.
How do Bitcoin whales selling large amounts of WBTC realize high profits?
On-chain data confirms that a whale sold 700 WBTC worth approximately $82.4 million in the past 3 days, realizing a profit of nearly $74.9 million from a position built 4 years ago.
“Selling more than half of the accumulated WBTC positions at low prices shows the effective profit-taking strategy of whales in a growing market context.”
Mr. Nguyen Van Binh, On-chain Analyst, 07/2025
The whale still holds about 800 WBTC, indicating a long-term confidence but adjusting profits according to the current market cycle.
How did Ark Invest sell Coinbase shares and cryptocurrency assets?
Cathie Wood's Ark Invest sold nearly 219 thousand shares of Coinbase worth $90.58 million along with lots of Robinhood and Block Inc in ETF funds on July 21, 2025.
This move reflects a portfolio restructuring strategy focused on profit and asset diversification, according to analysis from The Block. Selling shares aims to balance risk as the cryptocurrency market experiences strong volatility.
What does the ratio of profitable Ethereum addresses reaching the highest level since December 2024 mean?
According to Sentora, over 90% of Ethereum addresses are currently profitable, the highest since December 2024, indicating a strong recovery of ETH amid low selling pressure.
“The ratio of profitable addresses above 90% reflects the positive trend of the Ethereum market, paving the way for the next resistance levels around $4,000.”
Mr. Le Minh Quan, Cryptocurrency Market Analyst, 07/2025
About 2.39 million addresses are still at a loss, indicating a lot of accumulation potential and price adjustments before ETH can break out.
Which listed companies are increasing their cryptocurrency accumulation and development strategies?
Companies like Volcon (soon to rebrand as Empery Digital), GameSquare, and Strategy (MicroStrategy) have significantly increased their holdings of Bitcoin and Ethereum.
Volcon raised over $500 million for a Bitcoin fund, holding 280.14 BTC. GameSquare increased its digital asset management fund to $250 million, owning over 10,170 ETH. Strategy purchased an additional 6,220 BTC worth nearly $740 million, raising total holdings to over 607,700 BTC.
What are the notable new products and platforms in the cryptocurrency market?
Coinbase officially offers perpetual futures trading in the United States from July 21, 2025, through a CFTC-licensed platform, expanding legal investment opportunities for U.S. users.
The xTAO platform within the Bittensor ecosystem is listed on the TSX Venture Exchange with $22.8 million in funding, promoting the development of decentralized data and machine learning models.
What new waves of investment and Web3/AI projects are attracting substantial capital?
Amber Group launched the BUIDL_QUESTS 2025 hackathon acceleration program with a support fund of over $10 million, focusing on the AgentFi sector for automated economic exploitation using AI.
Kaito introduces Capital Launchpad - a new Web3 fundraising platform that applies on-chain indices and socializes investment, replacing the 'first come, first served' model.
What are the key legal and policy developments in cryptocurrency in the United States?
The White House is preparing to announce the first crypto policy report by the end of July 2025, marking an important milestone for the management and development direction of cryptocurrency in the country.
Polymarket has reached an agreement to acquire QCX to operate legally in the United States, following investigations and approvals from regulatory bodies such as the DOJ and CFTC.
What are the notable buying, listing, and fundraising deals in July 2025?
Company/Project Action Value (USD) Notes Volcon / Empery Digital Private Placement 500 million Purchase 280.14 BTC, rebranding, expanding Bitcoin fund Ark Invest Sold Coinbase, Robinhood, Block Inc shares 100 million Reduced stake in cryptocurrency company shares Strategy (MicroStrategy) Bought more Bitcoin 740 million Total holdings >607,700 BTC xTAO Listed on TSXV, raised 22.8 million Develop Bittensor ecosystem Amber Group BUIDL_QUESTS 2025 hackathon 10 million Promote automated agent economy Web3/AI
Frequently Asked Questions
What does it mean for Bitcoin's market capitalization to drop below 60%?
This indicates that the market is diversifying into other cryptocurrencies, especially Ethereum and Altcoin, creating new investment opportunities.
Do large Bitcoin whales selling WBTC have an impact on the market?
Whale transactions often create significant volatility but also reflect profit-taking trends as prices rise, helping to balance the market.
Why did Ark Invest sell Coinbase shares and cryptocurrency assets?
Ark Invest is restructuring its portfolio to reduce risk and increase liquidity amid strong market volatility.
Does Ethereum have any supportive factors for a strong price increase?
The rate of over 90% of profitable addresses and positive cash flow into Ethereum holding funds shows positive prospects.
Coinbase has just been licensed by the CFTC to provide this service, opening up legal opportunities for investors in the United States starting July 2025.
