$BTC Today, Saturday, July 5, 2025, Bitcoin is trading around 108,218 USD, representing a slight decline of 0.67% compared to the previous close, after reaching an intraday high of 109,121 USD and touching a low of 107,341 USD.
Yesterday's pullback, close to 10%, was due to the activation of 80,000 BTC that had been inactive for over 14 years (~8,600 billion USD), which generated nervousness among investors. Nevertheless, the decline was quickly moderated, remaining above the key technical support situated between 107,500 and 108,000 USD.
In the short term, technical analysts identify a consolidation pattern after the breakout of a symmetrical triangle and multiple rejections at resistance levels between 110,000 and 110,600 USD. The market shows signs of indecision, with mixed indicators and slightly overextended conditions.
On a macro level, institutional flows into Bitcoin ETFs continue to be strong: in just the last three months, over 11,000 billion USD in new funds have been recorded, consolidating the perception of Bitcoin as “digital gold.” Additionally, in the U.S., the so-called “One Big Beautiful Bill” was recently approved, which some analysts —such as Arthur Hayes— believe could drain liquidity from the market in the short term, causing more volatility before resuming the upward path.
In summary, today's quotation reflects a mix of nervousness due to the unexpected movement of whales and relatively solid technical support. The possible additional activation of liquidity —such as fiscal stimulus or new flows into ETFs— could trigger a rebound towards the 110,000–111,000 USD zone, especially if these levels hold as an accumulation base.
