Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

Semilore Faleti

4 hours ago

2 mins read

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Over the past week, the Bitcoin (BTC) market recorded a new all-time high at $123,091 on July 14. However, the premier cryptocurrency has experienced a slight price retracement since reaching this milestone. Interestingly, this fall in Bitcoin market prices has collided with a widespread gain in the altcoin market, with specific large-cap tokens notching up remarkable gains.

7-Day SMA Bitcoin Whale Exchange Transfers Near 12,000 BTC – Glassnode

In an X post of July 18, prominent blockchain analytics firm Glassnode shares a profound on-chain insight on the Bitcoin market, stating that the volume of whale transfers to exchanges is presently on the rise. Notably, this development comes as Bitcoin experiences a moderate price correction after reaching a new ATH earlier last week, as previously stated.

Glassnode explains that the 7-day simple moving average (SMA) of BTC transferred from whale wallets to exchanges is approaching 12,000 BTC, one of the highest weekly volumes recorded in 2025. Interestingly, this surge in transfer mirrors levels last seen in early November 2024, a period that preceded a popular crypto bull run.

When large holders move their BTC to centralized exchanges, it typically suggests they are preparing to liquidate some or all of their positions, either to take profits or to rotate capital into other opportunities. However, the latter scenario seems likely, especially considering recent trends in the altcoin market.

Amidst Bitcoin’s price correction, several altcoins have recorded significant price gains, prompting ideas that the altseason may have begun. For context, data from CoinMarketCap shows that the premier cryptocurrency experienced a mere 0.27% gain over the past week, while altcoins such as Ethereum, XRP, and Solana registered price surges of 19.98%, 25.98%, and 8.86%, respectively.

Historically, this development mirrors a characteristic altseason, when other cryptocurrencies generally outperform Bitcoin, leading to a decline in Bitcoin’s market dominance. Altseasons are triggered when investors begin reallocating profits from BTC into higher-beta assets, seeking larger returns due to the lower market caps of these tokens.

However, more data from CoinMarketCap shows the altseason index is at 36/100, indicating that while altcoins are beginning to gain momentum, the market has not yet fully transitioned into a confirmed altseason. An index value below 50 suggests that Bitcoin is still outperforming a majority of altcoins over 90 days. Investors should stay alert for a cross above 75 which would suggest a full-fledged altseason to be declared.

Bitcoin Price Overview

At the time of writing, Bitcoin trades at $118,377 following a 0.49% decline in the past day.

Featured image from Pexels, chart from Tradingview

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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