Binance Spot Volume Drop Na Come Before Bitcoin $123K ATH
Bitcoin don jummpo reach new record high of $123,218, wey mark 10% gain for the week. The Bitcoin spot volume for Binance drop small before the rally begin, e mean say some hidden squeeze and quiet stacking dey happen. The drop mean say big holders dey collect BTC from outside the exchange. On-chain data from CryptoQuant show say exchange inflows sharply increase, caused by whale deposit of like 1,800 BTC in one day. This one mean say dem dey take short-term profit and maybe local top dey come. Analyst data still show say accumulator addresses buy 248,000 BTC for 2025—pass the normal monthly average—and now dem hold around $30 billion worth Bitcoin. Long-term holders still dey optimistic, plus institutional demand dey go on: spot Bitcoin ETFs record $2.72 billion net inflows for the week wey end July 11. Traders make dem watch for consolidation and possible sell pressure near current levels, but overall outlook still positive due to strong accumulation and ETF flow.
Bullish
Even tho on-chain signs show say some people dey collect small profit for short term and maybe local top dey form, di long-term holders still dey accumulate Bitcoin steady steady, plus big whale buy off-exchange and strong institutional money wey dey flow through spot ETFs dey show say Bitcoin go still dey go up. Short-term traders fit face wahala of volatility and consolidation but di general market structure favor more price gains as demand pass sell pressure.