Bitcoin (BTC USD) Holds Support Despite Altseason Euphoria, What’s Next?

The price of Bitcoin has shown stability, even with the altcoin market cap (TOTAL2) near $1.48 trillion, having gained about 42% over the past month.

Market observers are stunned by BTC’s ability to defend key support levels despite a massive 80,000 BTC sale by an early Bitcoin whale.

It’s becoming clear how strong institutional demand is helping Bitcoin weather these cross-currents.

As the coin’s volatility tightens and traders eye key technical levels, many investors are wondering if Bitcoin (BTC USD) will sustain its momentum, and where it might head next.

Altseason Grows Stronger as Ethereum Futures Volume Spikes 200%

Early signs of an altcoin season have become hard to ignore. Ethereum held onto its gains near $3,700.

That’s after posting a nearly 53% rally over the past month, while other altcoins like XRP, BNB, and Solana registered double-digit gains during this time.

In fact, CME Group’s latest Crypto Insights report revealed how Ethereum-related futures volumes increased by more than 200% year-over-year in Q2 2025, marking a record interest in ETH.

Bitcoin’s dominance in the crypto market decreased by nearly 7% over the past month, currently standing at 61% as of the time of writing.

Indeed, this capital rotation into altcoins can temporarily restrict the price of Bitcoin’s upside and induce short-term volatility.

But what’s worth noting is that Bitcoin (BTC USD) still traded just 4% below its all-time high, holding onto most of its summer gains.

This clearly shows how long-term buyers haven’t yet turned into aggressive sellers, even as one Bitcoin Genesis-era investor takes profits.

Bitcoin (BTC USD) Stabilizes Despite $9 Billion Whale Sell-off

One of Bitcoin’s original investors liquidated 80,000 BTC (worth over $9 billion) over the last week, marking one of the largest digital asset sell-offs in crypto history.

While the impact of this event initially caused a roughly 3% decline in the price of Bitcoin, the world’s largest crypto quickly bounced back to stabilize around $118,000.

The fundamental factor that’s helping BTC float above this key support level is the strategic inflow into spot Bitcoin ETFs by institutions.

Following three consecutive days of net outflows, these ETFs experienced a positive inflow of more than $356 million on July 24 and 25 alone.

On the other hand, Ethereum ETFs have been on a streak of record-breaking inflows, as BlackRock’s Ethereum ETF (ETHA) bought more than $440 million worth of ETH on Friday.

These numbers clearly show how the expectations of altseason unfolding are weighing on institutions.

However, fresh capital continued to flow into Bitcoin investment vehicles even as prices temporarily softened.

Which means that big players viewed the temporary pullback as an opportunity rather than a warning sign.

Could BTC See Another Rally as Institutions Stockpile Bitcoin?

Institutions now hold over 10% of Bitcoin’s total supply, combining the holdings of public companies, exchange-traded funds, and major trusts.

These entities collectively control more than 2.5 million BTC (valued at about $292 billion at current prices), a level of ownership that did not exist in prior cycles.

From a technical perspective, Bitcoin’s (BTC USD) chart shows a market that’s at a crossroads between consolidation and a potential breakout.

Bollinger Bands have recently tightened, indicating a phase of low volatility following the explosive rally in the second quarter.

The Bollinger median coincided with the horizontal support near $116,000, acting as a crucial support level.

A clear break on either side of this price band could spark the next big move. In the meantime, BTC’s daily RSI was near the 60 mark, so bulls still have plenty of room to gather momentum.

Popular analyst Michael van de Poppe recently mentioned that if price of Bitcoin can hold above $116,800, it would likely pave the way for fresh highs in the coming week.

Bitcoin (BTC USD) has shaken off both an altcoin buying spree and a huge whale sale in the same week, showing how much sturdier the market has become.

While altcoins continue to steal the spotlight, steady institutional buying has helped BTC form a solid support level with almost no panic selling.