Bitcoin’s Resilience: Holding Strong at $100K

Main Takeaways:

• Bitcoin is maintaining its position above the $100K threshold despite ongoing short-sell attempts.
• Exchange outflows have matched 2022 levels, hinting at potential accumulation by investors.
• Transfers from dormant Bitcoin wallets might indicate that institutional investors are gearing up.

Bitcoin is standing its ground above the $100K mark, with data highlighting an increase in exchange outflows and movements from long-inactive wallets. Analysts speculate that Bitcoin might establish a brand new foundation for a significant surge, possibly with institutions preparing for the latter half of 2025.

Bitcoin’s Stronghold: $100K and Counting

For greater than two months, Bitcoin has firmly held its ground above $100,000, despite facing consistent selling pressure. Signs of accumulation are starting to seem.

As of July 9, the value of Bitcoin was $108,347. It did dip briefly to $98,300 on June 22 but quickly rebounded. Now, it trades near its peak for this cycle, $111,800. The $100,000 to $110,000 range is emerging as a possible recent price floor, in accordance with CryptoQuant’s insights.

Despite aggressive selling attempts, short traders have not succeeded in pushing Bitcoin below $100,000. This resilience is obvious even with consistent negative Cumulative Volume Delta (CVD) on Binance derivatives over the past month and a half.

Onchain Metrics Turn Bullish: Outflows Surge

CryptoQuant’s data reveals a pointy decrease within the 30-day exchange inflow/outflow ratio, now at 0.9. This ratio, last observed in late 2022 before Bitcoin’s macro bottom near $15,500, suggests more Bitcoin is being withdrawn than deposited, indicating accumulation.

CryptoQuant analysts consider this shift signals renewed long-term confidence in Bitcoin. Historically, this indicator has aligned with cycle lows and demand-driven reversals.

The data also underscores a growing divergence between short-term traders and long-term holders. With more investors removing Bitcoin from exchanges, it suggests a longer-term holding strategy, a pattern observed before previous bull markets.

Institutions Stir Dormant Holdings

Analyst Maartunn highlights bullish activity as over 19,400 BTC, valued at roughly $2.11 billion, moved from dormant wallets to institutional-grade custody on July 2.

These Bitcoins, untouched for 3 to 7 years, shifted to custodial or over-the-counter (OTC) service providers. According to Maartunn, “These movements often suggest strong conviction rather than speculative trades.”

Though the origins aren’t clear, such activities typically align with institutional accumulation, especially in periods of low market volatility. Historically, these dormant coin movements often coincide with macro bottom formations and pre-bull market setups.

Demand Absorption Reflects Strong Support

Despite prolonged selling pressure on Binance, Bitcoin stays supported. Persistent negative CVD indicates sellers are leading the market, but price reactions remain subdued.

This suggests robust bid-side support, potentially from institutional buyers, is absorbing the selling pressure. CryptoQuant’s evaluation points to potential accumulation by stronger market players, mirroring past accumulation phases in 2020 and late 2022.

Could $100K Be the New Bottom?

If current trends proceed, $100,000 might change into a sustainable structural bottom for Bitcoin. The outflow/inflow ratio, wallet activity, and limited downside movements all hint that demand is outweighing sell pressure.

Bitcoin’s capability to take care of this level amid short interest and low volatility might signal a broader market shift. Institutional flows, long-term holder activity, and exchange outflows collectively suggest accumulation.

While short-term volatility is all the time a risk, the prevailing data suggests Bitcoin could possibly be gearing up for one more significant rise within the second half of 2025.

Disclaimer

This article is meant for informational purposes only and doesn’t constitute financial, investment, or other advice. The creator and any individuals mentioned will not be chargeable for any financial loss resulting from investment or trading decisions. Always conduct your individual research before making financial decisions.

Moses K is a seasoned crypto journalist who covers market trends, regulatory developments, and blockchain innovations. His work has been featured in quite a few publications, including The Coin Republic, Coinchapter, and Cryptopolitan. Known for his concise and data-driven reporting style, Moses excels in price evaluation, on-chain metrics, and global digital asset policy discussions.

Image Credit: themarketperiodical.com