The post Bitcoin Price Rebounds to $117,000 Amid Historic Selling Pressure in Current Bull Cycle appeared on BitcoinEthereumNews.com.

On July 26, CryptoQuant analyst AXEL highlighted that during the ongoing bull market cycle, just 12 weeks have witnessed selling pressure matching or exceeding the intensity seen this week, representing roughly 7.3% of the entire cycle. This data underscores that the current selling volume ranks within the top 7% historically, indicating a significant market correction. Despite this substantial sell-off, the price has demonstrated resilience by rebounding to $117,000, suggesting underlying strength in market fundamentals. Such a recovery amidst elevated selling pressure may signal sustained investor confidence and potential stability in the crypto asset’s valuation. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/bitcoin-price-rebounds-to-117000-amid-historic-selling-pressure-in-current-bull-cycle/

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Filed under: News - @ July 26, 2025 6:23 am