$BTC Bitcoin briefly surged above $110,000 after strong U.S. June job data (147,000 new jobs), but profit-taking amid emerging tariff concerns pushed $BTC down to approximately $107,800 — a 1–1.2% drop .
Renewed talks of 20–30% U.S. tariffs weighed on risk assets, including crypto, as markets weighed macroeconomic uncertainties .
2. Dormant Whales Reawaken
Two 14-year-old $BTC wallets activated today, moving 20,000 #BTC (worth $2.18 billion), originally bought around $0.78 in 2011 .
On-chain data shows seven aging wallets transferring around 70,000 #BTC
(≈ $7.6 billion), triggering concerns but not outright selling .
Notably, whale accumulation reversed into a distribution phase after six months of net buying—historically a short-term negative signal .
3. ETF Inflows Powering Gains
Bitcoin-focused ETFs logged around $600 million in inflows yesterday, with heavy activity in BlackRock's IBIT and Fidelity's #FBTC (~$224 M and $237 M) .This influx is part of nearly $50 billion in cumulative #ETF investments this year, bolstering #BTC’s institutional credibility .
4. All-Time Independence Day HighBitcoin hit a new Independence Day record of $108,100, its highest price recorded on July 4 historically .5. Long-Term Holder BehaviorRoughly 45% of Bitcoin supply hasn’t moved in over 3 years (5-year holders at ~30%), indicating robust conviction Though LTHs have contributed to recent dips, their continued accumulation supports the long-term bull thesis.
