最新报道：Bitcoin (BTC) has risen for the fourth consecutive month. However, the first red weekly candle chart of July has just ended. While many analysts believe that the bull market may not be over yet, some worrying signals have begun to emerge, suggesting that a price correction or consolidation may be coming. After four consecutive months of gains, should Bitcoin take a breather? These warning signs do not necessarily mean that Bitcoin will reverse, but they are early indicators that need to be paid attention to before stronger trends or major fluctuations occur. First, the flow data of Bitcoin whales to exchanges showed a significant increase in July. This indicator reflects the transaction volume sent to exchanges by BTC big players (whales), which usually means selling intentions. According to analyst Darkfost, during the past two market peaks, whale capital inflows exceeded US$75 billion, marking the beginning of a correction or consolidation phase. Between July 14 and July 18, 2025, the figure has reached US$45 billion. This sharp rise indicates an increase in activity from large investors. Darkfost's view is consistent with Lookonchain's recent on-chain observations. Today, Lookonchain reported that a savvy Bitcoin whale sent 400 BTC ($47.10 million) to Binance for profit, bringing total realized gains to $91.50 million. In addition to whale flows, on-chain data showed another signal: Bitcoin’s coin-day destruction (CDD) hit a one-year high in July. CDD measures how long a token is held before being moved. It reflects the sentiment and behavior of long-term holders. Higher CDD values indicate that long-term holders are moving their tokens and potentially selling them. According to CryptoQuant, the 30-day average CDD in July exceeded 31 million, the highest level since April 2024. A previous report by BeInCrypto noted that a spike in this indicator often foreshadows a major market correction. However, on the positive side, it can also be seen as a redistribution to new investors. Finally, the change in the correlation between altcoins and Bitcoin has attracted further attention. According to Alphractal, the altcoin-Bitcoin correlation heatmap recently fell below zero. This shift means that altcoins have recently outperformed Bitcoin. However, historical data shows that low correlation between Bitcoin and altcoins is often a red flag. The indicator has turned negative three times since the beginning of 2025. The first time was in January, following the Bitcoin price drop from $110,000 to $74,900. The second time was in May, when BTC fell from $112,000 to $98,500. Now, we are seeing the third occurrence. A recent report from BeInCrypto also highlighted another worrying signal. Coinbase Premium has decoupled from Kimchi Premium. This disconnect indicates an imbalanced bull run across the globe, driven primarily by strong institutional demand in the United States.