Binance Outflows Signal Strong Holder Conviction as FET, AAVE, DOGE Lead Altcoin Accumulation

Market data reveals significant accumulation across select altcoins, with FET, AAVE, and DOGE at the forefront. A positive impulse signal suggests an impending altseason, as capital rotation from Bitcoin to altcoins gains momentum. Binance outflows indicate strong holder conviction, with tokens moving from exchanges to private wallets. Swissblock's proprietary model confirms 15% of top altcoins show bullish trends, further supporting the potential for an altseason. This development highlights growing investor confidence in altcoins, particularly those with strong fundamentals and community support. As the market dynamics shift, these tokens are poised to benefit from increased capital inflows and heightened trading activity.

FET, AAVE, DOGE Lead Altcoin Accumulation as Market Signals Potential Altseason

Market data reveals significant accumulation across select altcoins, with FET, AAVE, and DOGE at the forefront. A positive impulse signal suggests an impending altseason, as capital rotation from bitcoin to altcoins gains momentum.

Binance outflows indicate strong holder conviction, with tokens moving from exchanges to private wallets. Swissblock's proprietary model confirms 15% of top altcoins show bullish signals, marking an early recovery cycle.

The 2% drop in BTC dominance underscores shifting market dynamics. While previous altseason calls in H1 failed to materialize, current on-chain metrics and exchange flows present a more compelling case for sustained altcoin outperformance.

1inch Rallies 85% in July Amid Profit-Taking Signals

1inch (1INCH) surged 85% in July, breaking out of a months-long consolidation between $0.15 and $0.25. The rally gained momentum after the 1INCH team purchased 37.3 million tokens for $7.5 million, signaling further buy-side pressure. Binance recorded $58.8 million in daily volume at the peak, confirming strong market participation.

Technical indicators show bullish momentum, with the daily RSI entering overbought territory. The $0.33 level emerges as key resistance—a former support zone from January that could trigger profit-taking. On-chain metrics suggest holders are already capitalizing on gains, potentially pausing the uptrend.

Market structure remains decisively bullish, with the OBV hitting yearly highs. Traders eye partial profit-taking NEAR $0.33 before assessing the next directional move. The token's fundamentals appear strengthened by the team's aggressive accumulation strategy.

Binance Co-Founder CZ Threatens Legal Action Against Bloomberg Over Stablecoin Report

Changpeng "CZ" Zhao, former CEO of Binance, has vehemently denied allegations in a Bloomberg report linking him to a Trump-associated stablecoin project. The July 11 article suggested Binance assisted in developing the USD1 stablecoin for World Liberty Financial, implying potential conflicts of interest given CZ's reported pardon request from former President Trump.

Zhao dismissed the claims as "FUD" (fear, uncertainty, doubt) in a public statement, accusing Bloomberg of publishing a "hit piece" with multiple factual errors. The crypto executive referenced prior legal action against the media outlet, hinting at potential defamation proceedings. This marks the second legal confrontation between Zhao and Bloomberg in three years.

The controversy emerges amid heightened scrutiny of stablecoin projects and their political connections. While no specific cryptocurrencies were directly implicated in the report, the incident underscores the volatile intersection of digital assets and regulatory pressures.