Bitcoin Near $117,500 Liquidity Zone as ETF Outflows Pause Recent Rally
Main Idea
Bitcoin is consolidating near the $117,500 liquidity zone after a pause in ETF inflows, with market analysts closely monitoring this level for potential support or further price action.
Key Points
1. Bitcoin is trading in a narrow range between $115,697 and $120,998 after a surge to nearly $124,000, digesting recent gains.
2. U.S. spot Bitcoin ETF inflows paused with net outflows of $131.4 million, ending a 12-day streak that injected over $6 billion into these funds.
3. The $117,500 liquidity zone is identified as a key support level; breaching it could trigger market reassessment, while holding above may signal bullish continuation.
4. Despite the pause in ETF inflows, Bitcoin's price resilience and 11% monthly gains suggest continued capital flow into the crypto market.
5. Market dynamics are influenced by technical support zones and fundamental drivers, with ETF flows and liquidity levels providing insights into Bitcoin's short-term outlook.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin’s recent consolidation
Latest News
- UAE Yacht Maker Gulf Craft Explores Accepting USDT Stablecoin Payments Amid Growing Crypto Adoption2025-07-23 22:46:48
- Ether Could See Increased Institutional Demand Amid New US Crypto Laws and Potential Staking ETFs2025-07-23 22:46:29
- Roman Storm’s Tornado Cash Trial Sees IRS Testimony Suggesting Possible Control Over Funds2025-07-23 22:29:39
- BitMEX Founder Arthur Hayes Suggests Ethereum Could Potentially Reach $10,000 This Year2025-07-23 22:29:24
- FTX Recovery Trust Sets August 15 Record Date for Potential Next Creditor Distribution2025-07-23 22:28:15