Bitcoin Supply To Binance Hits Cycle Lows – Investors Hold Through ATH Test
2025-07-11 00:05:03
Main Idea
Bitcoin is nearing a critical resistance level at $112,000, with low exchange inflows suggesting strong investor conviction, while analysts monitor potential for a decisive breakout or further consolidation.
Key Points
1. Bitcoin briefly broke its all-time high, hovering just below the $112,000 resistance level, with bulls in control but awaiting a decisive breakout.
2. Exchange inflows to Binance are at cycle lows (4,600 BTC daily), indicating investors are holding rather than selling, reflecting long-term conviction.
3. BTC price action maintains strong support above $109,300, with key moving averages (50-day, 100-day, 200-day) confirming bullish momentum.
4. Volume has not significantly expanded despite the new high, suggesting the move lacks full conviction; a clean break above $112,000 could trigger price discovery.
5. Failure to break resistance may lead to further consolidation, while holding support could signal continuation of the bullish trend.
Description
Bitcoin is once again at the edge of uncharted territory. After briefly breaking its all-time high by just $40 yesterday, BTC now hovers just below the critical $112,000 mark—its final resistance before true price discovery begins. Bulls remain firmly in control of the trend, but market participants are watching closely for a decisive breakout to confirm the next leg higher. What makes this moment particularly striking isn’t just the price action—it’s the behavior of investors behind the scenes....
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