📰 Bitcoin Dips to $117K Amid Whale Activity and Institutional Momentum

Bitcoin is trading around $117K today after cooling off from its recent all-time high above $123K. This slight dip comes amid a flurry of activity from institutional players and major holders. Notably, over $45 billion worth of BTC was transferred to exchanges between July 14 and 18, signaling possible sell-offs or a strategic reshuffle by whales. At the same time, Trump Media & Technology Group made headlines by investing a staggering $2 billion into Bitcoin and crypto assets, sending its stock up 5–8% and sparking fresh interest in corporate treasury allocations.

In another bullish signal for the broader market, JPMorgan is reportedly preparing to offer crypto-backed loans to clients, including those secured by BTC and ETH, as early as next year. This development marks a growing shift in how traditional finance is embracing crypto infrastructure. Meanwhile, Bitcoin dominance has dropped to around 61%—its lowest in three months—as altcoins begin to catch up, indicating a potential market rotation or broader crypto rally.

From a technical standpoint, Bitcoin is now testing key support around $117K–$118K, with short-term resistance forming at the $121K–$123K range. With volume slowing and institutional moves picking up, the market could be preparing for its next breakout—or entering a longer consolidation phase.

Are whales quietly offloading, or are they positioning for the next leg up? And with traditional institutions making bold moves into crypto, is this just the beginning of a deeper wave of adoption?

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