- Recent on-chain observations indicate that altcoins with practical applications are seeing more significant “whale” investment than meme-based cryptocurrencies.
- Increased market fluctuations are expected due to the upcoming FOMC announcement on Wednesday, combined with the Federal Reserve’s interest rate decision.
- The anticipation surrounding potential approval of spot ETFs for altcoins in the United States is playing a major role in the investment activities of large crypto holders.
As Bitcoin’s value has remained relatively stable, staying below $120,000 for the last three weeks, the 2025 altcoin season is slowly building momentum. According to the Altcoin Season Index by CoinGlass, investor interest appears to be gradually moving away from Bitcoin and toward alternative cryptocurrencies; the index reads approximately 47% as of Tuesday, July 29, 2025.
Evidence supporting this developing altcoin trend includes the ETH/BTC pair’s recovery, along with a reduction in Bitcoin’s overall market share, which has decreased from a high of 66% to around 61%.
Four Altcoins Experiencing Increased Whale Accumulation
While Bitcoin and some altcoins, particularly XRP, navigate their price discovery phases, on-chain metrics reveal growing interest in certain specific altcoins.
Based on blockchain analysis by Santiment, cryptocurrencies like Bitcoin Cash (BCH), Curve DAO (CRV), Immutable…
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