Market Snapshot
Bitcoin dominance breaks down
Week Ahead: BTC’s share of total crypto value just fell by nearly 6 percentage points this week to ≈ 61 %, its sharpest slide in three years. Alt‑coins are finally soaking up fresh capital.
Prices at a glance (Mon 21 July, 09:30 UTC)
- BTC: holding a tight range around $119 000 after last week’s $123 k peak
- ETH: punched through $3 800 yesterday for the first time since December 2024.
Flow‑of‑funds hints
- Coinbase CEO Brian Armstrong predicts every Fortune‑500 firm will adopt stablecoins.
- Tether readies a US‑domiciled stablecoin under the GENIUS Act and pushes USDT deeper into the American market.
- MicroStrategy vaults to 9th‑largest treasury among S&P 500 companies by pure balance‑sheet value.
- Cardano ($ADA) sees 762 whale transfers > $100 k in a single week.
- 300 000 ETH left exchanges in the past fortnight – supply squeeze builds.
- World Liberty Finance wallet is 93 % ETH and its token $WLFI just won trading approval, with listing promised 6–8 weeks out.
- The U.K. Treasury may sell 61 000 seized BTC (~£5 bn) to plug its budget gap; critics warn of a “German regret” repeat.
- Rumour mill: Fed Chair Jerome Powell is “studying resignation” under mounting Trump pressure – if true, markets expect a risk‑on pivot and cheaper money.
Why Alt‑Season Chatter Is Growing
Bitcoin’s falling dominance, big ETH inflows, and heightened ADA whale activity all echo classic rotation set‑ups from past cycles. If ETH can keep ground above $3 700 while BTC ranges, capital often rolls down the risk curve into high‑beta sectors (AI, DeFi, meme‑coins). Traders are already tracking ETH/BTC and TOTAL3 charts for confirmation.
The U.S. Macro Week (22 – 26 July)
| Day | Event | Why It Matters (plain English) |
| Tue 22 | Jerome Powell speech – Integrated Review of the Capital Framework | Last public remarks before the 29–30 July FOMC. Any hint on rate‑cut timing or balance‑sheet plans could swing both the dollar and crypto. |
| Wed 23 | Existing‑home sales (Jun) | Soft housing demand signals slower consumer confidence; a downside surprise has historically pushed yields lower – bullish for risk assets. |
| Thu 24 | S&P Global Manufacturing PMI (Jul, flash) | A quick read on factory activity; a miss fuels bets the Fed must ease sooner. |
| Thu 24 | New‑home sales (Jun) | Confirms whether builders are seeing the same slowdown; another weak print compounds the “cut rates” narrative. |
| Fri 25 | Durable‑goods orders (Jun) | Captures big‑ticket business spending. A drop reinforces recession worries, nudging bond yields – and crypto narratives – lower. |
| All week | ≈ 15 % of the S&P 500 report earnings (Alphabet, Tesla, more) | Beats push equities—and often crypto—higher via wealth‑effect flows; misses create flight‑to‑quality moves. |
Bottom line: Powell’s tone on Tuesday is the top risk driver. A dovish slant or fresh resignation rumour could accelerate the flight from BTC into alt‑coins as traders price in lower real yields.
Token Unlocks Calendar
DeLorean (DMC)
Date: July 21 2025
Unlock Value: 591.5 K
% of Circ. Supply: 3.94 %
Number of Tokens: 106.6 M DMC
MMX (MMX)
Date: July 22 2025
Unlock Value: 503.2 K
% of Circ. Supply: 1.02 %
Number of Tokens: 1.67 M MMX
Hooked Protocol (HOOK)
Date: July 23 2025
Unlock Value: 534.4 K
% of Circ. Supply: 1.54 %
Number of Tokens: 4.17 M HOOK
KARRAT (KARRAT)
Date: July 23 2025
Unlock Value: 689.4 K
% of Circ. Supply: 2.07 %
Number of Tokens: 12.55 M KARRAT
AVAIL (AVAIL)
Date: July 23 2025
Unlock Value: 16.51 M
% of Circ. Supply: 33.56 %
Number of Tokens: 853.13 M AVAIL
VENOM (VENOM)
Date: July 25 2025
Unlock Value: 2.33 M
% of Circ. Supply: 0.50 %
Number of Tokens: 10.50 M VENOM
Altlayer (ALT)
Date: July 25 2025
Unlock Value: 3.59 M
% of Circ. Supply: 2.68 %
Number of Tokens: 100.69 M ALT
BLAST (BLAST)
Date: July 26 2025
Unlock Value: 2.40 M
% of Circ. Supply: 2.08 %
Number of Tokens: 875.00 M BLAST
This article isn’t financial advice (DYOR): keep risk tight, remember that central‑bank surprises can spike volatility, and always size positions so a single trade can’t ruin your month. For deep liquidity on spot pairs and straightforward perpetuals with low fees, trade safely on Millionero.
Stay nimble, and see you after Powell’s speech.