Investors pull $18.84 mln Bitcoin from exchanges: Are big buyers back?
The post Investors pull $18.84 mln Bitcoin from exchanges: Are big buyers back? appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin bounced from $113.5K after a TD Sequential ‘Buy’ signal, Long/Short Ratio hit 1.54, and $18.84 million in Exchange Outflows pointed to accumulation. Bitcoin [BTC] looked primed for a recovery bounce on the 4th of August after briefly reclaiming the lower boundary of its Descending Channel Pattern. This came on the heels of a TD Sequential buy signal flashing on the 12-hour chart—an indicator often used to time trend reversals. Volume dips, but structure improves BTC was last seen trading near $114,700, logging a modest 0.89% intraday gain. However, 24-hour trading volume slipped by 14%, falling to $49.18 billion, as per CoinMarketCap. The decline in participation appeared at odds with the technical upside brewing underneath. Still, the market’s underlying structure showed signs of improvement. BTC had formed a bullish inverted Head and Shoulders Pattern along the channel’s base. Price also climbed back above this key level—signaling that traders might be buying the dip, not fading the bounce. Source: TradingView Can a 3.3% rally materialize? Naturally, price targets are already on the table. According to AMBCrypto’s technical setup, if BTC sustains momentum above $114,000, it could rally up to $118,000, a projected 3.3% move. The above TradingView chart backs this view, illustrating the same channel breakout with a bounce play unfolding. However, the Supertrend Indicator remained conflicted. On the four-hour chart, it hovered above price and red (bearish), while on the hourly timeframe, it flipped below price and green (bullish). The takeaway? BTC may still be in a transitional chop zone rather than a clean uptrend. Buy signal confirmed by analyst Meanwhile, crypto analyst Ali Martinez amplified bullish sentiment. In a post on X, he confirmed that the TD Sequential Indicator had printed a ‘Buy’ signal on BTC’s 12-hour chart—potentially paving the way for a short-term trend reversal. This…
Filed under: News - @ August 5, 2025 4:26 am