Altcoins Defy Bitcoin Sell-Off as Capital Rotation Fuels Market Resilience

today / 02:39

While Bitcoin faces intense selling pressure with whales offloading holdings and exchange inflows surging to 30,000 BTC on July 24, altcoins demonstrate remarkable stability. Bitcoin dominance dropped to 60.83% on July 25 (down from 62.1% days earlier) as altcoins collectively held a $1.44 trillion market cap despite BTC dipping below $116,000.

Market data reveals a clear capital rotation pattern: Ethereum maintains 11.66% dominance with neutral RSI near 50, while Solana (2.54% dominance) shows 15.53% monthly active wallet growth despite weak short-term RSI. Tron surged 21.32% in active addresses monthly, and Binance Coin held neutral RSI. Crucially, the "Other Coins" category hit 17.87% dominance – a multi-week high.

On-chain metrics underscore this divergence: Ethereum active addresses grew 32.23% monthly, while Bitcoin's DeFi TVL languishes at $6.72 billion versus Ethereum's $80.99 billion and Solana's $9.73 billion (up 15.53% monthly). Total crypto market cap sits at $3.82 trillion, hovering above the critical $3.75 trillion support. Analysts attribute Bitcoin's isolated pressure to ETF-related sell-offs and profit-taking, noting altcoins' resilience signals sustained market participation.