Bitcoin News
By Steven Anderson
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Miners Shift from Accumulation to Profit-Taking. During the early part of July, Bitcoin miners increased their holdings, as reflected in the rising…
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Institutional Demand May Balance Out Selling Pressure. Despite concerns around miners selling their holdings, institutional demand remains a major…
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ETF Inflows Show Strong Institutional Confidence. Data from SoSoValue shows that Bitcoin ETFs have recorded net inflows of $237 million in just one…
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Price Outlook for August. As of the end of July, Bitcoin is trading at $117,826, stuck in a tight range between support at…
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Conclusion. Bitcoin enters August with a mixed outlook. On one hand, the shift from miner accumulation to…
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Bitcoin's performance in July has set the stage for a potentially volatile August. The coin reached a new all-time high of $122,054 on July 14, fueled by increasing miner…
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During the early part of July, Bitcoin miners increased their holdings, as reflected in the rising Miner Reserve. This metric, based on CryptoQuant data, showed a 0.
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However, after the price peaked on July 14, the Miner Reserve began to decline around July 22.
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Gadit also emphasized that institutional capital—particularly from ETFs managed by companies like BlackRock, Fidelity, and Ark—is the real driver of Bitcoin’s current price…
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Data from SoSoValue shows that Bitcoin ETFs have recorded net inflows of $237 million in just one week, despite the coin trading mostly sideways.
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As Gadit explained, while miner selling can influence short-term price fluctuations, institutional demand is the backbone of BTC’s current support.
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On the flip side, if bearish sentiment builds—possibly from rising miner selling or a lack of bullish catalysts—Bitcoin may slip below the $116,952 support level.
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Bitcoin enters August with a mixed outlook. On one hand, the shift from miner accumulation to profit-taking presents a headwind for price growth.
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