Crypto Driver

08/08 03:49

Since tapping a $1.07 trillion local top, TOTAL3

Since tapping a $1.07 trillion local top, TOTAL3 has rolled over to $980 billion, logging roughly $20 billion in outflows over the past two weeks. At the same time, BTC.D printed two strong weekly green candles.

Adding to that, a fresh CryptoQuant readout flagged a sharp spike in altcoin deposits to Bin@nce. According to the report, the 7-day transaction count has ripped past 45k, marking the highest since late 2024.

What stands out is the timing. BTC remains just under ATH levels, yet altcoins are seeing a surge in inflows. Historically, similar spikes (March and November 2024)  preceded drawdowns across both BTC and alts.

Adding to the signal, BTC.D flipped red on the week, stalling below 63%. While it hints at altcoin rotation, the aggressive inflows suggest traders may be exiting into strength, not rotating.

In short, the market’s at a key pivot.

July’s rally pushed risk assets into overbought levels, with altcoins looking stretched. ETH down 3% signals momentum fading. If this stalls out further, we’re likely looking at a cooldown phase before any fresh breakout. 

#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #HTX Crypto Gifts Carnival Is Live!#Will Bitcoin fall in August?#Buy Bitcoin’s dip,’ says Eric Trump#Whose “child” is ES — Solana or Ethereum?

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