Profit-Taking and Falling Demand Dey Push Bitcoin into Cooldown
Bitcoin momentum don cool down as investors dey collect their profit and demand sharply drop. According to CryptoQuant report, weekly demand comot from 174,000 BTC for July reach 59,000 BTC. Institutional buyers slow their buying pace, Strategy purchases drop from 171,000 BTC for November to 27,000 BTC for the last 30 days. Spot Bitcoin ETFs show four-month low, net inflows near 11,000 BTC—levels wey dem no see since April. On-chain indicators dey show say bullish momentum dey fade, make CryptoQuant Bull Score commot from Extra Bullish go Bullish Cooldown phase. New whale investors don realize $74 billion profits since July 4, including record $9 billion day. Bitcoin dey trade around $116,000 with less downside risk. Analysts dey expect support near $110,000, the on-chain realised price wey traders' unrealised profit margins reach zero. Soft demand fit make Bitcoin dey consolidate, limit short-term upside.
Neutral
Bitcoin shift into profit-taking and demand-cooling phase mean say e dey do small break, no be say e go fall down finish. Similar time wey money no too dey come in—like the one after halving for 2020—dem usually come before prices just dey go side-to-side and then go up again. The big drop for the way institute and ETF dey buy show say traders dey lock their gains near the highest prices before, and dat one dey make price no too move well.
For short time, small buying pressure fit make Bitcoin dey between $110,000 support and $120,000 resistance. But if old holders still dey and new big institutions start to come in, momentum fit return when people don stop dey take profit. Overall, market view na neutral: e dey fix but e steady, dey wait for new reason to move next direction.