Altcoin Liquidity Drains as Whales Rotate Back to BTC — Funding Turns Negative

Several on-chain trackers report large whale outflows from mid-cap altcoins into BTC and stables, causing sudden liquidity gaps. At the same time, funding rates on major alt perpetuals have turned negative, signaling aggressive short positioning and defensive hedging.

– Whale rotation from alts → $BTC /USDT confirmed on-chain

– Perp funding negative on $SOL , $AVAX , APT, SUI, NEAR pairs

– Market depth on Binance/OKX for mid-caps down ~15–20%

– Options skew pricing in higher downside probability for alts

This is a liquidity-risk phase — not a crash signal yet. But when whales pull liquidity first, retail usually reacts late. Until rotation reverses, altcoins remain in a fragile zone.

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