Bitcoin News Today: Bitcoin Ethereum Cool Off as Investors Shift Funds to Altcoins with 404% Tron Surge and 100% Polygon Gains

Bitcoin and Ethereum have shown divergent price dynamics in recent trading sessions, with Bitcoin consolidating near $115,000–$118,000 after reaching an all-time high above $123,000 [1]. Over 61,000 BTC were transferred to exchanges by whales in a single week—the largest volume in over a year—indicating profit-taking and signaling a potential pause in the bullish trend [1]. Analysts note that Bitcoin faces resistance at a descending trendline, with a breakout potentially propelling the price toward the $121,000–$122,000 supply and demand zone [1]. Meanwhile, Ethereum has maintained resilience, holding above $3,500 despite broader market weakness. Whale activity has surged, with over 540,000 ETH accumulated in new wallets since early July [1]. Analysts forecast Ethereum could break through a four-year resistance level and surpass $4,000 by next week [1].

The cooling trends in Bitcoin and Ethereum have prompted a reallocation of capital toward alternative tokens with faster-moving narratives. Market observers report increased whale interest in Solana memecoins and a new DeFi project, Remittix (RTX), which is gaining traction as a high-utility, low-cap token [1]. Remittix distinguishes itself with an encrypted DeFi infrastructure, cross-chain compatibility, and a mobile-first wallet ecosystem. Whale accumulation aligns with its real-world utility, including cross-border crypto-to-bank transfers in over 30 countries and early adoption by logistics and e-commerce firms [1]. The project’s Q3 wallet launch and transparent forex features further reinforce its utility-driven appeal [1].

Beyond Remittix, other altcoins are attracting institutional attention. Tron (TRX) has seen a 404% surge in whale transactions exceeding $1 million over 14 days, with smart contract engagement averaging 2.35 million daily transactions [2]. Technical indicators, including a 46 ADX line, suggest growing trend strength, though bulls and bears remain in a tight contest [2]. Polygon (POL) has surpassed the $0.19 resistance level and is attempting to flip its 20-day and 50-day moving averages into support. Network activity has reached 500 million unique addresses, and stablecoin supply has rebounded above $2.76 billion [2]. Analysts project POL could target $0.50 if it clears the $0.45 resistance, a 100% gain from its current $0.2372 level [2].

The broader market context remains mixed. A Bitcoin whale recently wagered $23.7 million on a BTC rally to $200,000 by year-end, supported by rising open interest [3]. However, Bitcoin’s 10% drop following an 80,000 BTC sell-off highlights regulatory uncertainties and market fragility [4]. Ethereum’s 4.1% decline reflects reduced short-term bullish sentiment, with traders shifting capital to altcoins offering tangible use cases and on-chain activity [5].

While Bitcoin and Ethereum remain foundational assets, the influx of capital into Tron, Polygon, and Remittix underscores evolving investor priorities. These projects benefit from cross-border payment solutions, scalability innovations, and institutional adoption, aligning with 2025 market expectations. Analysts caution that macroeconomic risks and regulatory developments could reshape the crypto landscape, but current whale behavior signals confidence in these alternatives’ growth trajectories [2].

Sources:

[1] https://cryptonewsland.com/bitcoin-ethereum-price-cool-off-these-alternatives-are-drawing-major-whale-interest/

[2] https://crypto-economy.com/as-eth-plays-cool-down-traders-are-loading-into-tron-trx-polygon-pol-and-remittix-rtx/

[3] https://thecurrencyanalytics.com/bitcoin/bitcoin-whale-wagers-23-7m-on-massive-btc-rally-to-200k-by-year-end-187283

[4] https://www.ainvest.com/news/bitcoin-drops-10-whale-sells-80-000-btc-regulatory-uncertainty-looms-2507/

[5] https://crypto-economy.com/as-eth-plays-cool-down-traders-are-loading-into-tron-trx-polygon-pol-and-remittix-rtx/