History often repeats itself in the cryptocurrency market, and July might be no exception.
Data from CryptoQuant reveals that, despite the market’s struggle with bearish sentiment, Bitcoin typically shows seasonal strength this month. Even during the challenging bear markets of 2018 and 2022, Bitcoin posted gains of 17% to 20% throughout July. Entering the month fresh off a $57,700 low, the current seasonal trend skews toward a potential near-term recovery.
While Bitcoin leads the charge, the altcoin sector is a little bit more complex. About 40% of altcoins are currently trading near their all-time lows, indicating extreme market underperformance. This environment calls for a highly selective approach to portfolio exposure.
However, both Solana (SOL) and Hyperliquid (HYPE) have decoupled from this stagnation, each recording an impressive 21% gain over the last 30 days per CoinMarketCap data.
Solana is benefiting from macro-led beta movement, tracking Bitcoin’s rebound while supported by institutional growth in real-world assets and consistent ETF inflows. As such, some long-term proponents argue that Solana’s compounding infrastructure upgrades, which outperform many competitors cycle-over-cycle, make it a prime candidate to host the next wave of billion-dollar startups.
 
With Solana consolidating between its $76 support and $82 resistance, a high-volume breakout could signal the beginning of a move toward new highs.
Meanwhile, Hyperliquid is also on a promising run. Despite a significant core contributor unlock of approximately $645 million, the token’s price has stayed resilient, bolstered by a massive buyback-and-burn mechanism that absorbed the new supply.
Moreover, analysts see revenue growth as a long-term compounding effort, in which the results of daily work only become visible after months of consistency, even though the gains appear incremental each day.
As Hyperliquid pushes forward with permissionless perpetuals and prediction markets, its success will likely depend on regulatory developments and its ability to defend market share against emerging competitors.
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