Bitcoin Nears $116,000 Amid Low Sell Pressure and Institutional Demand, but RSI Signals Caution
The post Bitcoin Nears $116,000 Amid Low Sell Pressure and Institutional Demand, but RSI Signals Caution appeared on BitcoinEthereumNews.com.
Bitcoin price has surged past $116,000, setting a new all-time high and signaling strong institutional interest amid historically low sell pressure. Exchange inflows have dropped to their lowest levels since 2015, indicating that holders are reluctant to sell despite the price rally. COINOTAG reports highlight that while Fibonacci extensions suggest further upside, the RSI divergence advises caution for traders eyeing a sustained breakout. Bitcoin hits $116K with record low exchange inflows; institutional demand and Fibonacci targets suggest upside, but RSI divergence calls for cautious optimism. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Exchange Inflows Drop; Where’s the Selling? Bitcoin’s recent price surge above $116,000 comes alongside a remarkable decline in exchange inflows, which have fallen to just 3,200 BTC per day—the lowest since 2015. This contrasts sharply with December 2024, when inflows peaked near 97,000 BTC amid the $100,000 breakout. Such a steep reduction in coins moving to exchanges signals a significant drop in selling pressure, reflecting strong holder confidence in the asset’s near-term prospects. ‘, ‘ 🔒 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];…
Filed under: News - @ July 11, 2025 5:28 am