Bitcoin at the limit: Investors migrate towards altcoins
Sat 16 Aug 2025 ▪ 5 min read ▪ by Fenelon L.
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Bitcoin (BTC)
The bullish momentum of bitcoin seems to be running out. After reaching a peak above 124,000 dollars, the queen of cryptos shows signs of fatigue. At the same time, the interest of retail investors is shifting towards altcoins, starting with Ethereum. Does this capital rotation signal a new phase of the crypto cycle?
In summary
Bitcoin falls below 117,000 dollars after a recent all-time high.
The crypto sentiment index rose from 0.23 to 0.91 in one week.
Google searches for Ethereum and altcoins reach multi-year highs.
Analysts anticipate an altcoin rally for September.
The exhaustion of Bitcoin buyers is confirmed
Warning signs are piling up around bitcoin. For Max Shannon, a researcher at Bitwise, the market shows a “classic behavior imbued with froth,” a well-known pattern that generally precedes buyer exhaustion.
Specifically, this occurs when buy orders are no longer sufficient to absorb selling pressure, paving the way for a marked correction.
The digital asset sentiment index perfectly illustrates this gap. In one week, it jumped from 0.23 to 0.91, reflecting a sharp optimism that contrasts with bitcoin's lackluster performance.
