Bitcoin Defies Market Fears with Resilient Performance

Key Points

1. Bitcoin's price increased by 7.4%, demonstrating stability beyond stress zones, with no significant panic among miners.

2. On July 25, miners transferred 18,000 BTC (worth over $2 billion) to Binance, alongside a $650 million USDC outflow, indicating potential liquidity weakening.

3. Bitcoin's hashrate decreased by 3.5% since mid-June, but miner outflows have declined from 23,000 BTC daily in February to 6,000 BTC, suggesting reduced selling pressure.

4. Bitcoin is currently trading at $116,633, up 1.36% in the last 24 hours and 7.29% over the past month, but remains 5.1% below its recent peak of $123,000.

5. Market analysts note the market remains balanced without signs of panic, despite early jitters and liquidity shifts.