Bitcoin Consolidation Means Market Is ‘Relatively Healthy’, Ethereum, XRP, SOL WIl Continue To Do Well, Analyst Says
Posted On July 22, 2025
Bitcoin (CRYPTO: BTC) consolidates as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) show strength, leading market commentators to predict that momentum is starting to flow into altcoins.
What Happened: Crypto analyst Cheshire Capital said on Tuesday on X that the market remains structurally strong, even as price action becomes frothy.
He continues to hold long positions across key assets but is trimming size as a precaution, highlighting a shift to a more staggered cycle.
According to Cheshire, Bitcoin is consolidating roughly 5% above previous all-time highs, driven largely by the presence of a massive 80,000 BTC over the counter (OTC) whale, which has temporarily absorbed …
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