As $2.7B flows into Binance, a resurfaced miner and strategic long-term profit-taking set the tone for Bitcoin’s next move.
Key takeaways
Содержание статьи:
Bitcoin inflows to Binance surged, largely driven by a Satoshi-era miner. Long-term holders are taking profits as the market remains stable, but the spotlight is on what comes next.
Bitcoin [BTC] is making waves again, with a sharp shift in momentum. Since the 11th of July, Binance has seen $2.7 billion worth of BTC flow in; a clear reversal after months of steady outflows.
Interestingly, much of this surge seems tied to a Satoshi-era miner resurfacing.
At the same time, long-term holders are cashing out more aggressively than short-term traders, pointing to a cautious phase of redistribution in the market.
Binance becomes BTC’s main stage again!
After months of steady BTC withdrawals, Binance has flipped the script. Since the 11th of July — when Bitcoin hit new a new ATH — more than 23,000 BTC, worth around $2.7 billion, has flowed into the exchange.
The biggest spike came between the 14th and the 15th of July, possibly tied to a dormant miner wallet linked to the Satoshi era.
Source: CryptoQuant
These wallets have now moved over 80,000 BTC in recent weeks, reigniting market curiosity.
Despite the large volume, Bitcoin’s price has remained steady; proof of how resilient the market is and how integral Binance remains for major BTC transfers.
Long-term holders take the bag!
Bitcoin’s SOPR ratio sat at 1.9 at press time — indicating that seasoned investors are realizing more gains compared to newer entrants.
This doesn’t yet suggest a major sell-off, but it does hint at a cautious phase of redistribution.
Source: CryptoQuant
Usually, a spike above 3 has preceded price turbulence, so the trend is one to watch.
LTHs appear to be slowly trimming positions, while short-term holders remain relatively inactive; perhaps waiting for clearer signs before making their next move.
Momentum cools off, but no signs of panic yet
After a strong climb past $118K, Bitcoin’s rally is showing signs of slowing. The RSI hovered around 65 at press time — below overbought territory — hinting at reduced buying pressure.
Source: TradingView
Meanwhile, the MACD histogram seemed to be losing strength, with the blue MACD line approaching the signal line, suggesting weakening momentum.
This setup doesn’t signal a sharp reversal just yet, but rather a potential period of sideways movement or mild correction.
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