Bitcoin News Today: Bitcoin Whales Realize $6–8 Billion Profits Driving Altcoin Inflows

Late July 2025 witnessed a significant shift in cryptocurrency market dynamics as newly emerged Bitcoin whales executed large-scale profit-taking, generating an estimated $6–8 billion in gains. These sales occurred at prices above $120,000, marking the third notable profit-taking wave in the ongoing bull market and reaching levels similar to those seen in 2024. According to data from CryptoQuant, this whale activity has directly influenced trading volumes and investor sentiment, contributing to a short-term price correction in Bitcoin [1].

The impact of this profit-taking is evident in Bitcoin’s declining dominance. Over four days between July 17 and July 21, 2025, Bitcoin’s market dominance dropped from 64% to 60%. This decline aligns with historical patterns where capital rotates from Bitcoin into altcoins during periods of market correction. Analysts suggest that this trend signals the potential onset of an altcoin season, with Ethereum and mid-cap tokens receiving increased inflows as investors seek higher growth opportunities [1].

Bitcoin’s price, currently at $118,294.24, reflects a 21.46% increase over the past 90 days, despite the recent sell-off by whales. The market capitalization remains above $2.35 trillion, supported by strong institutional confidence. Strategic buying during dips has reinforced long-term confidence in Bitcoin, even as capital shifts toward altcoins [1]. This reallocation of funds is not viewed as a sign of waning institutional interest but rather as a diversification strategy driven by market maturity.

The capital rotation into altcoins is a recurring theme in bull markets, where Bitcoin corrections often precede altcoin rallies. Increased inflows into Ethereum and mid-cap tokens highlight investors’ appetite for diversified growth. Institutional investors are strategically reallocating profits to balance risk and opportunity, a practice that has historically coincided with favorable altcoin performance [1].

The decline in Bitcoin dominance and the associated market rotation underscore the evolving dynamics of the crypto landscape. While Bitcoin remains the largest asset by market cap, its role as the sole market leader is being challenged by growing interest in alternative tokens. This trend suggests that investors are increasingly looking beyond Bitcoin to capture higher returns in a maturing market [1].

Bitcoin whales realizing $6–8 billion in profits by late July 2025 marks a pivotal moment in the 2025 bull market. The resulting price correction and capital shift into altcoins signal the potential start of a new phase in crypto investing. As the market continues to evolve, tracking Bitcoin dominance and altcoin inflows will be essential for understanding future market movements.

Sources:

[1] Bitcoin Profit-Taking by New Whales May Signal Declining Dominance and Potential Altcoin Season (https://en.coinotag.com/bitcoin-profit-taking-by-new-whales-may-signal-declining-dominance-and-potential-altcoin-season/)