Bitcoin News

Story: Bitcoin Faces Crucial Test as Demand Drops and Price Nears $112K

By Julie Binoche

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Shrinking Institutional Demand Fuels Concern. According to CryptoQuant, net Bitcoin demand has significantly declined in the past month.

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Whale Selling, Retail Buying. The reduced demand from institutional investors has coincided with increased sell pressure from U.S.

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Technicals Point Toward Potential Breakout. Despite these bearish signals, technical indicators are painting a more optimistic picture.

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Historical Seasonality Supports Bulls. Adding to the bullish case, July has historically been a favorable month for Bitcoin.

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Final Thoughts. Bitcoin is currently standing at a critical crossroads.

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Bitcoin (BTC) continues to tease the $110K milestone amid a tug-of-war between waning whale interest and rising retail participation.

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Over the past few weeks, Bitcoin’s momentum has remained resilient despite mixed signals from on-chain metrics.

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According to CryptoQuant, net Bitcoin demand has significantly declined in the past month. In fact, the data reveals that buyers have pulled back by nearly 895,000 BTC in the…

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The divergence between ETF flows and actual on-chain accumulation reflects a growing trend: while financial products offer exposure to Bitcoin’s price, they don’t always…

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The reduced demand from institutional investors has coincided with increased sell pressure from U.S.-based whales, though that pressure is reportedly starting to ease.

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This dynamic is visible through the narrowing Coinbase premium gap, a metric that compares BTC prices on U.S. and overseas exchanges.

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Despite these bearish signals, technical indicators are painting a more optimistic picture. Bitcoin’s breakout above the upper trendline of a long-standing logarithmic resistance…

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The daily Moving Average Convergence Divergence (MACD) histogram has been building steadily above the zero line, suggesting upward momentum is strengthening.

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Should Bitcoin fail to decisively break and hold above $112K, a double-top pattern could emerge, potentially triggering a short-term pullback.

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Adding to the bullish case, July has historically been a favorable month for Bitcoin. Over the past ten years, BTC has logged more positive returns than negative ones during this…

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