BTC: As of July 29, 2025, the current price of BTC is $118,800; yesterday's closing pattern was a "small bearish candle", with an increase in volume, indicating short-term bearish strength.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 1,315 BTC ($157 million) yesterday, indicating stable institutional confidence. The turnover rate is moderate, with short-term holders active and long-term holders on the sidelines, leading to a stabilizing market sentiment.

According to URPD data, the range between $103,500 and $108,500 has accumulated 1.569 million BTC, becoming the first strong support level; the range between $93,500 and $98,500 has accumulated 1.641 million BTC, forming the second strong support level.

Overall, Bitcoin maintains a range-bound consolidation. Although the gap at $114,000 has been successfully filled, the gap at $112,000 remains unfilled. If there is difficulty in breaking through the previous high pressure in the short term, there may be a possibility of a second retest. Currently, the market exhibits short-term divergence, but the structure still leans bullish. Continued capital inflow, active rotation in altcoins, and support from institutional voices may suggest that after a market adjustment, there will be opportunities for a renewed upward movement.