Why Bitcoin Could Still Slip Below $100,000 Despite $9 Billion Inflows ⋆ ZyCrypto
The post Why Bitcoin Could Still Slip Below $100,000 Despite $9 Billion Inflows ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement  
  Bitcoin ETF inflows have hit a five-week total of $9 billion, the highest since spot products launched in January 2024. Yet in a stark divergence, over 69,000 BTC, worth the same amount, entered exchanges in just 16 hours. Bitcoin traded between $115,930 and $118,330 on July 16, pulling back from its July 14 high of $123,000. The pullback follows a sudden spike in BTC movements from long-dormant wallets, suggesting that large holders may be preparing to sell into strength. Bitcoin ETFs have made a strong start to July, attracting $3.4 billion in inflows so far. That includes a record $2.2 billion over the past two days, the largest two-day net inflow on record, according to data from Farside Investors. Between July 13 and 15, 69,423 BTC were deposited into exchanges, signaling a sell-side intent. The movement was led by a whale wallet previously holding 16,800 BTC. More than 2,000 BTC were later deposited into Binance and Bybit. Glassnode data shows $1.96 billion in profit realization on-chain over the weekend. Advertisement
  Fibonacci retracement levels suggest critical short-term support at $110,700 and $107,700, calculated from the recent rally between $98,200 and $123,000. A confirmed breakdown above these levels could reopen the path toward $98,000, the last significant consolidation level. Despite steady ETF demand, the concurrent spike in sell-side pressure could tip Bitcoin into its first major correction. Exchange inflow trends typically signal intent to sell, while ETF purchases must be held in custody, reducing available supply. On the macro side, the legislative push during the U.S. “Crypto Week” has introduced clearer language around digital asset custody, stablecoins, and spot ETF transparency. Laws like the proposed GENIUS Act have buoyed market sentiment. Meanwhile, gold ETFs lost $2.8 billion over the same period that Bitcoin ETFs gained $9…
Filed under: News - @ July 16, 2025 1:26 pm