BTC volume contraction awaits breakthrough, giant whale OTC transfer attracts attention! 118.5K becomes the dividing line between bulls and bears
Bitcoin has not had any particularly special market activity in the past few days, showing some signs of fluctuation in the small timeframes, somewhat resembling Ethereum's slow rise. Overall, it seems to have attracted less attention recently, with the focus shifting mostly to Ethereum!
It is noteworthy that 14 years ago, a giant whale transferred out all remaining 40,000 BTC again this morning, and there has been no further selling so far, mainly adopting the CTO model for sale, which has minimal impact. For short-term fluctuations, pay attention to the support around 118,500, and for resistance, just watch the vicinity of the new highs!
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BTC analysis: July 18, 2025 daily chart $BTC
