Bitcoin Faces Possible Near-Term Correction Amid Profit Taking and ETF Inflows Slowdown
2025-07-15 14:26:00
Main Idea
Bitcoin is experiencing a near-term correction due to profit-taking and leveraged liquidations, despite continued ETF inflows, with macroeconomic factors like U.S. inflation data playing a pivotal role in market movements.
Key Points
1. Bitcoin dropped 4% amid $3.5 billion in profit-taking, with long-term holders accounting for 56% of realized profits, the largest single-day event since April 2025.
2. Over $142 million in Bitcoin leveraged positions were liquidated within 24 hours, with funding rates slightly positive at +0.01%, indicating potential further adjustments.
3. Bitcoin's RSI hit 82.25, signaling overbought conditions, while its dominance rose to 63.39%, reflecting a shift toward established assets amid uncertainty.
4. Bitcoin ETFs saw $1.08 billion in inflows, led by BlackRock’s iShares ETF, but failed to offset broader market pressure from profit-taking and liquidations.
5. The market remains sensitive to macroeconomic developments, particularly U.S. CPI data, with a 0.84 correlation between crypto markets and the Nasdaq.
Description
Bitcoin experienced a notable 4% correction to $116,000 amid $3.5 billion in profit taking and significant liquidations, signaling a market cooldown after recent highs. Exchange inflows surged by 33%, intensifying
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