Bitcoin News

Story: Bitcoin Faces July Test as Sell Pressure Builds

By Julie Binoche

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Bitcoin [BTC] is entering its most statistically bullish month of the year under unusual pressure.

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Over the last 40 days, Bitcoin has seen a series of lower lows and sideways movement, marking a clear deviation from the euphoric uptrends that typically characterize the peak of…

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Adding to this concern is institutional behavior. On the 1st of July, Bitcoin ETFs that had enjoyed a four-week streak of inflows finally turned red.

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It’s not just ETF investors showing signs of caution. On-chain data from Glassnode indicates a spike in realized profits, a sign that holders are increasingly opting to take…

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These trends suggest that traders are cashing out more aggressively, prioritizing risk management over long-term conviction.

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Historically, July has provided Bitcoin with favorable tailwinds. In 2022, for example, BTC recovered 16.8% during July after a steep 37% drawdown in June.

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Seasonality has often worked in Bitcoin’s favor due to mid-year portfolio rebalancing and diminished volatility once major macroeconomic data—such as interest rate decisions, GDP…

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But 2025 is shaping up very differently. Inflation remains stubbornly high and is still well above the Federal Reserve’s 2% target.

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Meanwhile, U.S. investors are also growing more cautious. The Coinbase Premium Index—a key proxy for U.S.-based demand—has shown signs of weakness.

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While Bitcoin’s price has not crashed, the lack of follow-through during a historically strong month raises eyebrows.

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For now, traders and long-term holders should monitor structural data closely. This isn’t a time for blind faith in past patterns.

The Currency Analytics

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