๐จ Bitcoin Whale Dumps 80,000 BTC โ But Bulls Arenโt Backing Down! ๐ณ๐
Despite a massive $9B OTC sale from a dormant 2011 wallet, #Bitcoin stays strong near $118K. The dump, handled by Galaxy Digital, triggered a quick dip โ but the bounce shows serious institutional demand.
๐ Key Data:
1. July net BTC inflows: +35,165 BTC
2. Perpetual open interest: 300K+ BTC (highest since Nov 2024)
3. Funding rates: Neutral = likely institutional hedging
๐บ BTC forming a bullish symmetrical triangle:
>> Support: $117K
>> Resistance: $120.3K
>> Breakout Targets: $122.8K โ $125.4K
>> Meanwhile, Ethereum is gaining steam too:
>> ETH ETFs absorbed 1.6M ETH in July
>> ETH dominance in futures hits 40%, signaling major capital rotation from BTC to ETH
>> ETHBTC ratio at 0.032, the highest since Jan
๐ฅ Altcoin to Watch: $HYPER (Bitcoin-native Layer 2 w/ SVM) raises $5.7M in presale โ bringing Solana speed to Bitcoin security!
๐ Heads Up: Big moves likely with the upcoming FOMC rate decision, Trumpโs tariff deadline, and potential White House crypto report.
๐ Still bullish? Watch the volume on any breakout.
#Bitcoin #Ethereum #CryptoTrading #CryptoNews #Altcoins #BinanceSquare #HYPER #BTC #ETH
