Bitcoin makes a splash as old miners return – But all’s not what it seems
2025-07-20 13:18:30
Main Idea
Bitcoin inflows to Binance surged with $2.7 billion worth of BTC, largely driven by a Satoshi-era miner, while long-term holders show cautious profit-taking and the market remains resilient.
Key Points
1. Binance saw $2.7 billion worth of Bitcoin inflows since July 11th, reversing months of steady outflows, with a significant spike between July 14th and 15th.
2. A Satoshi-era miner contributed heavily to the recent surge in BTC inflows to Binance.
3. Bitcoin's price remained steady despite large inflows, indicating market resilience and Binance's key role in major BTC transactions.
4. Bitcoin's SOPR ratio was 1.9, suggesting cautious profit-taking by long-term holders but no major sell-off yet.
5. Bitcoin's rally shows signs of slowing with the RSI around 65, hinting at potential sideways movement or mild correction.
Description
As $2.7B flows into Binance, a resurfaced miner and strategic long-term profit-taking set the tone for Bitcoin’s next move.
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