We are currently observing declines on the market. Only that they should not frighten. In the background we see interesting whale activity and other interesting factors that can drive increases.
The bitcoin course is falling
The bitcoin course dropped slightly, just like Etheru. Is this the beginning of a deeper correction? Some data suggest that it’s rather time for shopping. The point is that large investors buy and the main cryptocurrency, and leading Alta.
Vugar USi Zada, COO Bitget, in the analysis sent to us, indicates the intriguing movements of larger investors:
After a successful week on the cryptocurrency market in the United States, the activity of whales increased, at least in the case of key assets – in particular Bitcoin (BTC), Etheru (ETH) and Solan (SOL) – reflecting the growing optimism of institutions powered by an inflow of funds to ETF funds and DEFI dynamics. It is worth noting that whales have accumulated large positions in ETH, including the last share of Sharplink Gaming with a value of USD 463 million, while Solana still attracts interest thanks to the dynamically developing Defi and Memecoin ecosystems.
With the increase in the total blocked value (TVL), persistent inflows to ETFs and strategic positioning of whales, BTC, ETH and SOL are well prepared for further increases in the third quarter of 2025. If the dynamics persists, the total capitalization of the cryptocurrency market may come closer to the level of $ 4 billion-although investors should remember variability and macroeconomic catalysts.
Apart from the whale movements, it is worth paying attention to what the ETFs already mentioned. These focus on Ethher, which does not mean the end of btc bull market, but starting its new stage – Altcoin Season.
Ryan Lee, the main analyst at Bitget Research, describes it from his perspective:
We observe that the last decrease in Bitcoin’s dominance to about 59-61%, combined with the Altcoin Season Index upward trend, suggests capital rotation towards Altcoin, such as Ether, XRP, Solana and BNB, which recently recorded increases of 20-40%. Good results of memecoins and sectors such as artificial intelligence and RWA indicate the growing interest of investors, but the index remains below the 75% threshold necessary to confirm the Altcoin season. It can be a temporary rotation rather than a lasting trend, because Bitcoin consolidation above USD 118,000 can still attract liquidity.
What can drive strong increases?
What else can drive further increases? Altcoins can follow Ether, who was orbit the interest of ETFs and large investors.
ETFs buy Ether for power. Only on July 23 they bought ETH for $ 332.2 million net. And this trend has been going on for over a month, but it is worth adding that from July 9 we are talking about three -digit results.
Analysts indicate a few factors that will drive increases on ETH for some time. It is a clear change in the trend on the ETH/BTC chart, breaking through important resistance (it remains to break 4000 USD and ATH – approx. 4,900 USD), shopping ETFs and the fact that Ethereum remains home for most Stablecoin. The latter is particularly important after passing in the US Genius Act, a law that makes it in the interest of the US authorities to support the Stablecoin market, and thus Ethereum.
