Altcoins Draw Fresh Capital While Whales Offload Bitcoin

Bitcoin stayed mostly flat, yet several altcoins posted sharp gains last week. Santiment analysts see this as a clear sign that money is rotating out of major coins into mid- and small-cap projects.

Two events triggered the shift: the Senate’s rejection of the CLARITY Act and the Fed’s rate hike. Crypto proved more resilient than stocks — Bitcoin fell far less than the S&P 500.

On-chain data still raises caution. Since August 5, wallets holding 10 to 10,000 BTC have sold 57,600 coins. Retail buyers have been the main purchasers during the recent uptick.

Tokens such as Zcash, Uniswap and Hyperliquid led the move, joined by AI-related names like NEAR. Santiment also notes falling meme-coin activity, which in the past has often marked short-term tops.

Based on information from https://cryptonews.net