đ„ Binance BTC Market Update â July 20, 2025
Today, Bitcoin (BTC) on Binance surpassed the 118,000âŻUSDT mark, closing out a 24âhour window with a modest 0.28% uptick . This breakout, reaffirming strong support around the $118K level, reflects sustained bullish momentum amid institutional inflows and growing confidence in the crypto market .
đ Whale Activity & OnâChain Signals
One of the most striking developments: a long-dormant Satoshi-era whale has reactivated, moving a staggering 40,192âŻBTCâworth approximately $4.77âŻbillionâto a new wallet after 14 years of inactivity . Analysts suspect these funds are being positioned for sale, potentially via Binance or Bybit, signaling possible large-scale market shifts ahead.
Additionally, two newly created wallets withdrew a combined 1,000âŻBTC (about $118âŻmillion) from Binance . This trend of moving BTC off exchanges typically suggests accumulation rather than selling, tightening available supply and often foreshadowing upward price pressure.
đ Technical & Sentiment Overview
Bitcoinâs 24âhour trading range spanned roughly $117.4K to $120.9K . Despite the whale moves, BTC remains resilient, consistently testing the $118K zone. The broader market sentiment leans bullish, buoyed by increased flows into spot ETFs, rising institutional interest, and technical patterns signaling momentum (e.g., recent golden cross events) .
đ Key Takeaways
Price Behavior: BTC firmly above $118K â reveals strong support.
Large Transfers: Significant whale movements (40KâŻBTC & 1KâŻBTC) hint at supply tightening and potential distribution phases.
Institutional Tailwinds: Steady demand via spot ETFs and onâchain accumulation bolster long-term outlook.
Watchpoints: Whether the whale's BTC leads to large-scale selling or long-term hodling, the next $120K+ breakout remains critical.$BTC #Bitcoin
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