Retail Gathering vs Whale Sales as Bitcoin Profit Dey Soar
Bitcoin still dey very profitable, wit over 93% of holders dey make profit and market cap don reach over $2 trillion. On-chain data from IntoTheBlock and CryptoQuant show say demand mixed: institutional investors don cause net outflow of about 895,000 BTC last month even as short-term holders add 382,000 BTC. Binance BTC futures open interest remain under $11.5 billion, wey show say bearish pressure dey. Whales (address wey get over 10,000 BTC) sell 12,000 BTC on July 3, while mid-sized holders don sell 14,000 BTC since June 30, wey cancel retail dip-buying. Bitcoin dey trade near $108,000 for $107,000–$110,000 consolidation, wey leave market direction uncertain for traders.
Neutral
Diali tori dey give mixed signal to Bitcoin traders. On one side, over 93% holders don dey make profit, plus short-term investors don dey accumulate, wey show say retail people dey bullish and market get strong fundamentals with market cap pass $2 trillion. But on the other side, big net outflows of 895,000 BTC, futures open interest wey never move pass $11.5 billion, plus plenty sales from whales and mid-sized holders dey show say institution people dey take profit and bearish pressure dey strong. The resulting consolidation for $107,000–$110,000 range mean say short-term momentum and long-term trend still uncertain, so e good make outlook remain neutral.