Bitcoin is encountering heightened selling pressure following recent macroeconomic data, with significant exchange inflows signaling potential near-term price corrections. Over 80,810 BTC ($9.4 billion) moved to centralized exchanges on July 15, reflecting increased distribution interest after the CPI report release.
Critical accumulation zones are emerging as focal points for market support, with $93,000–$97,000 and $101,000–$109,000 identified as critical buffers. The latter range—particularly the $107,000–$109,000 band—is viewed by analysts as essential for maintaining bullish structure amid current volatility.
Technically, Bitcoin dipped below the 0.236 Fibonacci retracement level at $117,293, shifting attention toward the $107,726 ‘golden pocket’ support. Failure to reclaim $117,293 could trigger an 8% correction, though strong institutional accumulation near identified clusters may cushion steeper declines.
Market sentiment remains guarded, with long-term holders expected to defend pivotal support thresholds as conditions evolve and institutional positioning adapts to macroeconomic signals.