Key Notes
- BTC rebounds to $109,700, with long-term holders preserving cash untouched close to highs.
- Spot ETFs drive demand whereas on-chain exercise stays low regardless of excessive costs.
- Analyst is eyeing the $120,000 stage for BTC within the near-term.
Bitcoin
BTC
$108 961
24h volatility:
0.6%
Market cap:
$2.17 T
Vol. 24h:
$25.40 B
has rebounded sharply after testing help close to $105,000 earlier this week, buying and selling round $109,700 on the time of writing.
On-chain knowledge exhibits that buyers are displaying robust holding habits as a substitute of speeding to take earnings, a shift from earlier cycles.
Glassnode knowledge reveals that Bitcoin’s Liveliness metric, which tracks whether or not buyers are spending or holding, continues to say no. This means fewer cash are being spent even at elevated costs.
$BTC Liveliness – a metric monitoring if buyers are holding or spending – continues to development down. Not like previous ATHs the place profit-taking spiked, this time buyers are preserving their cash untouched, reinforcing robust holding habits close to value highs: https://t.co/cfndE1iz0a pic.twitter.com/D7ZCpKYtGN
— glassnode (@glassnode) July 3, 2025
Lengthy-term holders now management a report 14.7 million BTC, suggesting most cash bought through the $100,000 breakout stay dormant. This additional confirms strong bullish sentiment amongst seasoned buyers.
Lengthy-term holders – buyers who’ve held #BTC for over 155 days and are statistically much less more likely to promote – now personal a report 14.7M $BTC. Most cash purchased close to the $100k breakout stay dormant, signaling robust conviction throughout the market: https://t.co/xRlN2V2S68 pic.twitter.com/AzlkQRK5l9
— glassnode (@glassnode) July 3, 2025
ETFs Gasoline Demand Regardless of Low On-Chain Exercise
Whereas Bitcoin trades above $109,000, the variety of energetic on-chain addresses has remained round 850,000, much like ranges seen when Bitcoin was round $16,000 in 2022.
As per a CryptoQuant analyst, this disconnect means that spot Bitcoin ETFs are rising because the dominant pressure in driving inflows.
Institutional merchandise like BlackRock’s spot Bitcoin ETF have enabled hundreds of buyers to achieve publicity to Bitcoin with out producing important on-chain exercise.
On common, BlackRock’s ETF processes solely 24 transactions weekly whereas transferring over 6,400 BTC.
BTC Value Eyes $120,000
On the every day chart, Bitcoin is buying and selling alongside the higher Bollinger Band whereas holding above the center band (20-day SMA) at $105,900).
This means a powerful bullish construction. A transparent breakout above the $110,000 resistance may lead the cryptocurrency towards a brand new potential peak.
BTC value chart with RSI and Bollinger Bands | Supply: Buying and selling View
In the meantime, the RSI is presently round 60, suggesting room for additional upside earlier than coming into the overbought area.
Fashionable analyst Fortunate lately famous on X that BTC has been forming a bullish flag on the every day chart since early-Could. He advised that if this sample performs out, merchants may anticipate a value surge to $120,000 within the near-term.
$BTC is aiming for an historic breakout.
Eyes on 120K. 👀 pic.twitter.com/L2ZB7ObYvI
— Fortunate (@LLuciano_BTC) July 3, 2025
Nonetheless, if Bitcoin fails to carry above the $108,000–$105,000 help zone, it might set off a corrective transfer towards $101,500.
Bitcoin Bull Presale Heats Up as BTC Holds Agency Above $109K
With Bitcoin sustaining energy above $109,000, a rising meme coin, Bitcoin Bull, is capturing recent curiosity amongst buyers. The undertaking is gaining buzz with its clear proposition: harness Bitcoin’s upward momentum whereas growing returns for its group.
BTCBULL: Incentive Construction and Presale
BTCBULL, the native token of the Bitcoin Bull ecosystem, encompasses a milestone-driven presale construction tied on to Bitcoin’s value trajectory. For each $25,000 increment in Bitcoin’s value between $100,000 and $250,000, BTCBULL holders achieve entry to further rewards.
These rewards embody periodic deflationary burns of BTCBULL tokens and direct Bitcoin airdrops, fostering group enthusiasm.
The undertaking’s closing milestone is ready at a $250,000 Bitcoin value, triggering a serious BTCBULL airdrop for devoted holders. This ends in a long-term reward pathway throughout the ecosystem.
BTCBULL Presale Snapshot
- Present Value: $0.002585
- Funds Raised: $7.9 million
- Ticker: BTCBULL
- Accepted Funds: ETH, USDT
The presale has gathered momentum, elevating $7.9 million towards its $8.8 million aim, reflecting investor confidence within the undertaking’s design. Given Bitcoin’s regular climb and market optimism, BTCBULL’s worth may see an uptick within the close to time period.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets over time. Parth can also be an writer of 4 self-published books.
