Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
The post Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors replaced whales on the buy side, Bitfinex Alpha reported on July 7. The report noted that BTC spent most of July so far within a 10% channel, capped by the January high of $109,590 and floored near the Short-Term Holder Realized Price (STH-RP) of $99,474. Despite a brief fall beneath the STH-RP last week to touch a low of $98,220, Bitcoin rebounded to the upper boundary after buyers stepped in near the six-figure mark. The report characterized the zone as a near-term equilibrium, where unrealized profits remain large but below the levels that fueled heavier distribution in prior record attempts. That mix of lighter profit-taking and muted breakout momentum indicates that the market is waiting for a catalyst to break out of the range. STH-RP continues to drift higher as newer participants, including exchange-traded-fund allocators, add coins. The report compared the pattern with 2024 when exchange-traded funds (ETFs) inflows repeatedly defended STH-RP during the climb to earlier peaks. The report stated that the metric’s overlap with current price lows reinforces it as the range’s structural floor. The price action above this level suggests an upward bias until macroeconomic data or shifts in liquidity break the deadlock. Positioning shifts toward smaller holders Derivatives traders show less conviction at the upper limit. The report flagged a $1.8 billion (5%) drop in aggregate open interest on July 4, erasing two days of gains and signaling that futures accounts closed longs rather than chase higher prints. On-chain cohort data corroborate the distribution. Wallets holding 1,000 to 10,000 BTC shed roughly 14,000 BTC since June 30, while short-term holders added about 382,000 BTC in the same window. The report noted that the supply transfer reflects mid-sized whales trimming…
Filed under: News - @ July 7, 2025 10:18 pm