Based on the most recent information from today, July 31, 2025, the altcoin market is showing mixed signs. On one hand, the total market capitalization of crypto has decreased, indicating an overall decline. However, some major altcoins like Ethereum are showing strength, driven by capital flows into their ETFs. Other specific tokens have performed negatively, such as Bonk, which has fallen by 7.6% in the last 24 hours.
The main reason for the overall drop remains Bitcoin's dominance, which attracts capital from investors seeking safety in times of uncertainty. This is compounded by macroeconomic factors and massive sell-offs by large investors ("whales"), which can induce panic and liquidations.