Altcoins Already in Crisis? $44 Billion Gone! AllinCrypto July 24, 2025
The crypto market rally of recent hours has begun showing signs of weakness, with substantial losses, particularly among altcoins. Some daily losses have exceeded -10%, as example Ripple. But what is happening?
Signs of Weakness in the Market
In the current context, the recent pullback can be seen as profit-taking following the bullish momentum of recent weeks. However, the emerging technical signals on major cryptocurrency charts shouldn’t be taken lightly, as they may indicate the onset of a more complex market phase.
Bitcoin and Altcoins: Two Distinct Dynamics
At this moment, it’s important to differentiate between Bitcoin and altcoin behavior. Bitcoin continues to follow its independent trajectory; it recently reached an ATH and is currently consolidating beneath key resistance levels, albeit with less intense MACD signals. Conversely, over the past ten days, many altcoins have recovered significantly, hitting new annual highs.
Notable Altcoin Movements
For example, Binance Coin achieved a new ATH, as did Ripple, and Solana climbed back above 200 USDT—all prior to yesterday’s retracement. Currently, the market is balanced between technical consolidation and potential attempts to extend the bullish trend.
Bitcoin Technical Analysis: Daily Chart Examination
Analyzing Bitcoin, we focus on the 4 hour chart from June onwards. On June 22, Bitcoin hit a low of 98,185 USDT. Since then, the price has bounced back in two swings interspersed with two consolidation phases, including the current one.
ATH and Short-term Reversal Signals
During the recent rally, Bitcoin set a new ATH at 123,260 USDT, followed by the formation of a shooting star candle—a classic reversal indicator appearing at a bullish peak on higher time frames.
Congestion Phase and Technical Uncertainty
In the subsequent ten days, BTC remained in a congestion zone without managing to set a new ATH. From a purely technical perspective, this might indicate the start of a reversal. However, this lateral phase could also represent consolidation or distribution ahead of future moves.
Technical Indicators: RSI and Bollinger Bands
Additionally, Bollinger Bands are narrowing, signaling potential volatility compression, while the RSI indicates a cooling-down period. Currently, the RSI sits below its baseline moving average , suggesting market weakness. A return above this moving average could signal a resumption of the bullish trend.
Altcoin Sector Analysis
Altcoins and Dominance
Moving on to altcoins, we revisit the TOTAL3, which represents the market capitalization excluding BTC and ETH, alongside BTC and altcoin (OTHERS) dominance.
Altcoins have lost around $44 billion since the week’s start, whereas Bitcoin recorded a minor loss but has since regained about $28 billion. This dynamic has resulted in rising Bitcoin dominance and decreasing altcoin dominance.
Technical Signal on TOTAL3
On the TOTAL3 chart, the retracement aligned precisely with the 78.2% Fibonacci retracement level of the considered vector. This significant technical signal helps assess the broader movements within the altcoin market. If TOTAL3 drops below the $920 billion threshold again, it would trigger caution, prompting closer monitoring of individual altcoins for further downside risks.
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