So, here we areāBitcoin (BTC) has decided itās feeling bougie for the fourth month in a row. But wait, whatās this? It just wrapped up its first red weekly candle of July, and no, it wasn’t a cute picnic blanket!
Think analysts are still wearing party hats? Well, some might, but others are raising their eyebrows and sipping their green juices, whispering about signs of a potential price correction. Talk about drama! šæ
Is Bitcoin About to Hit Pause and Take a Nap?
Now, these warning signs donāt guarantee Bitcoin will take a nosedive. Theyāre just those pesky alerts you see before things get a bit too spicy in the market kitchen. š„
1. Whale Watching: They’re Swimming to the Exchanges! š
First off, weāve seen a surge in Bitcoin Whale-to-Exchange Flow. Yes, those big fish are sending loads of BTC to exchanges, hinting they might want to cash in. And you thought that yacht was just for show!
Our buddy Darkfost has some tea to spill; during the last two market peaks, whale influxes soared past $75 billion, which was basically the signal to say, āUm, correction incoming!ā Between July 14 and July 18, theyāve already hit $45 billion, and yes, thatās a whale-sized problem!
āBe on alert with whale activity because they can sell faster than a hot cake on a Sunday morning,ā Darkfost quipped.
And Darkfost isnāt done! He mentions that a clever whale just shipped 400 BTC (worth a jaw-dropping $47.1 million) to Binance because why keep a good profit to yourself?
2. Coin Days Doing the Cabbage Patch š
On to the next red flag: Bitcoinās Coin Days Destroyed (CDD) has hit a yearly high like it thinks itās the star of a reality show.
CDD tracks how long coins have been dormant, and a spike? Well, it suggests our long-term holders might be shaking things up. Who knew coins had such social lives?
According to CryptoQuant, July’s average CDD has surpassed 31 millionāhighest since April 2024. Previous spikes have screamed āmarket correction!ā But hey, maybe itās just a friendly redistribution party for new investors? š¾
3. Altcoins Are Getting a Little Too Friendly š
And lastly, the correlation between altcoins and Bitcoin has taken a strange turnālike that friend who starts dating your ex. According to Alphractal, weāve dipped below zero, which neatly implies altcoins are suddenly feeling extra confident.
But, oh boy, historically, this is like flashing red lights before a rollercoaster rideāstrap in tight! š¢
This drop in correlation has occurred three times since the start of 2025. Spoiler: In each case, Bitcoin’s price took a tumble. Coincidence or a bad pattern? You decide!
āBe wary of low correlation; it usually signals turbulence ahead. Fasten your seatbelts!ā Alphractal cautioned.
Oh, and letās not forget another juicy tidbit: the Coinbase Premium has decided to break up with the Kimchi Premium. This chaotic separation hints at an uneven bullrun, mainly due to fierce institutional demand in the US. Because why not add a little drama to this market romance? š
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2025-07-21 13:16