🔥 \$BTC

— The Quiet Before the Potential Surge? Tariff Tensions Loom!

Bitcoin has been holding steady just below the \$116,000 level this week, signaling uncertainty in the market. With new tariffs introduced by former President Donald Trump now active, upcoming trade decisions could inject fresh volatility.

BTC’s price has hovered between \$113,000 and \$116,000, reflecting hesitation among traders as they await macroeconomic clarity. K33 Research notes that BTC’s 30-day volatility has dipped to a 12-month low of 1.33%, with 7-day volatility at just 1.2%. This follows an even lower mark of 0.76% on July 30—the quietest since September 2023.

Meanwhile, the latest \$58 billion U.S. debt auction revealed a decline in overseas interest, hitting a yearly low and leaving domestic investors to pick up the slack. If this pattern persists, it could prompt the Fed to restart quantitative easing, potentially increasing Bitcoin’s appeal as a hedge.

Institutional appetite has softened. On Wednesday, SoSoValue reported a \$91.55 million inflow into U.S. spot Bitcoin ETFs—snapping a four-day outflow streak. Still, this figure trails the volume seen ahead of BTC’s rally to \$123,218 on July 14.

Glassnode analysis shows that Bitcoin has entered a thin liquidity band between \$110,000 and \$116,000—marking a key accumulation range. Following a close under the \$116K consolidation level, BTC dropped more than 3% over two days, revisiting its 50-day EMA near \$113,182, which also lines up with the previous peak of \$111,980—making this zone a strong support base. On Thursday, BTC traded above \$114,900.

A daily close above \$116,000 could pave the way toward the \$120,000 psychological barrier. Conversely, slipping below the 50-day EMA may see BTC revisit its prior record at \$111,980.