$BTC

Bitcoin (BTC) Market Update: Navigating Volatility After Recent Highs

Current Price & Volatility:

Bitcoin (BTC) has experienced some volatility following its recent surge to new all-time highs above $123,000 earlier this week. Currently, BTC is trading around $116,000 - $117,000 USDT, reflecting a pullback of approximately 3-4% in the last 24 hours. This comes as investors engage in profit-taking ahead of key economic data releases, such as the US Consumer Price Index (CPI) data for June.

Key Highlights:

* All-Time High Achieved: BTC recently set new all-time highs, surpassing $123,000, demonstrating strong bullish momentum and institutional demand.

* Bhutan Government Activity: The Royal Government of Bhutan has continued to transfer significant amounts of BTC to Binance deposit addresses, moving over $62 million in the past four days alone, coinciding with Bitcoin's price rallies. This suggests a potential strategy of offloading BTC during periods of upward price movement.

* ETF Inflows: Bitcoin spot ETFs have continued to see substantial inflows, with reports of $1 billion daily inflows and institutions acquiring around 10,000 BTC daily. This signifies growing institutional confidence and increased accessibility for investors.

* Binance Innovation: Binance is reportedly introducing a Pump.fun-style bonding curve model for token launches within its wallet, aiming to enhance new token distribution and pricing dynamics, starting today, July 15th.

* Accumulator Addresses: "Accumulator addresses" (wallets that only buy, not sell BTC) have acquired approximately 248,000 BTC in 2025 so far, well above the monthly average, indicating strong long-term positioning.

* Technical Outlook: While Bitcoin has pulled back slightly, technical analysis still indicates an overall positive outlook in the short to medium term, with support levels around $109,000 - $111,000.