📰 Bitcoin (BTCUSD) Eyes Local Bottom Amid Short-Term Holder Profit-Taking at $117,500 Bid Level

📅 Jul 23, 2025, 06:11 EDT | 🔗 Source: Cointelegraph

🧠 Summary

Bitcoin short-term holders are taking profits after recent highs, increasing exchange inflows that typically mark local bottoms near $117,500, signaling potential consolidation before a possible next upward leg.

💡 Why this signal?

  • Short-term holders are depositing BTC to exchanges, a behavior historically linked to profit-taking and local market bottoms.
  • The inflow ratio on Binance surpassing 0.4 signals increased selling pressure from newer investors, suggesting a temporary price pullback or consolidation.
  • The strong bid level around $117,500 indicates market participant interest that could cushion downside risks and precede a price rebound.

📈 BTCUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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