The price of Bitcoin remains stable even amidst substantial sell-offs in the market, illustrating the growing interest from institutional investors and the development of the altcoin season.
Altcoin Season Gains Momentum
Early signs of an altcoin season have become hard to ignore. Ethereum, for instance, is holding onto gains around $3,700, following a nearly 53% rally over the past month. Other altcoins like XRP, BNB, and Solana have also registered double-digit gains. According to CME Group's report, Ethereum-related futures volumes increased more than 200% year-over-year in Q2 2025.
Bitcoin Stabilizes Despite Whale Sell-off
Last week, one of Bitcoin's early investors liquidated 80,000 BTC (worth over $9 billion), marking one of the largest sell-offs in crypto history. While the initial impact caused a roughly 3% decline in Bitcoin’s price, it quickly bounced back to stabilize around $118,000. The fundamental factor helping Bitcoin float above this support level is the strategic inflow into Bitcoin ETFs by institutions.
Institutional Investments in Bitcoin Continue to Rise
Institutions now hold over 10% of Bitcoin's total supply, controlling more than 2.5 million BTC. This level of ownership did not exist in prior cycles. Technical analysis indicates that Bitcoin is at a crossroads between consolidation and a potential breakout, with a support level near $116,000, and any clear break on either side could spark the next big move.
Despite massive sell-offs by large investors and the growth of altcoins, Bitcoin shows significant resilience, indicating a healthy interest from institutional players and potential for further growth.
