Key Takeaways
- Bitcoin worth retraces by 3% to wipe out over half a billion lengthy positions within the early hours of July twenty fifth, 2025.
- Bitcoin on-chain market sentiment stays bullish with sturdy quantity and Open Curiosity backing the digital asset.
- Crypto consultants and indicators recommend the present market dump doesn’t change the bullish market state of BTC.
The early hours of Friday, July 25, 2025, noticed the value of Bitcoin crash by over 2.5% beneath $115,000, wiping out over half a billion {dollars} in lengthy liquidation, in keeping with Coinglass, as crypto whales and traders rushed to cut back their Bitcoin lengthy positions.
Bitcoin’s minor market retracement comes off its lengthy market rally from a area of $105,000 in the direction of a historic excessive of $123,000, earlier than retracing right into a worth vary of round $118,000 to $119,500.
The latest market crash is considered as a wholesome market retracement, doubtlessly paving the way in which for a worth continuation to the upside, as hypothesis a couple of Bitcoin worth rally above $250,000 within the present bull market stays open for a lot of whales and traders.
Bitcoin On-chain Market Sentiment
BTC On-chain Knowledge – Supply Coinglass
Regardless of the value of Bitcoin dropping beneath $115,000 into its each day key demand zone following an prolonged worth rally, on-chain information from Coinglass means that the sentiment surrounding the value prediction for Bitcoin hasn’t modified, as the value has maintained a powerful bullish sentiment.
Bitcoin’s quantity and open curiosity stay sturdy, highlighting curiosity from establishments holding Bitcoin for the long run.
In line with the M2 information on the present market path of Bitcoin, the directional bias over the previous couple of weeks has remained bullish to the upside, with the value of Bitcoin poised to shut the month of July strongly in the direction of a excessive of $150,000, based mostly on market expectations and predictions.
Moreover, the information of Galaxy Digital promoting a portion of its Bitcoin holdings would have created a scare. Nonetheless, speculations urged this might be a capital rotation from Bitcoin to Ethereum, following CEO Mike Novogratz’s latest prediction that Ethereum’s worth would outperform Bitcoin within the subsequent few months.
Nonetheless, in keeping with TATrade_Alan, the present worth motion for Bitcoin hasn’t modified on a better timeframe, presenting many traders and whales a very good entry alternative for sturdy upside potential as the value is predicted to rally in the direction of key highs of $250,000 and above.
If the value of Bitcoin trades above $110,000, the general market sentiment stays bullish as the value would try to succeed in extra bullish worth targets.
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