#Bitcoin Bull Run Faces #Crossroads as #Whale Inflows Signal Potential Cycle End
Bitcoin’s ($BTC ) price has been locked in a tight range over the past week, with the battle between bullish and bearish forces intensifying since the cryptocurrency’s all-time high of $122,054 on July 14. As the digital asset trades between key resistance and support levels, market analysts are warning that the current bull cycle could be approaching its final stage.
Rangebound Trading Highlights Market Uncertainty
Over the past seven days, Bitcoin has struggled to break above $116,952, while finding solid support at $111,855. This rangebound movement reflects a market grappling with indecision, as both bulls and bears attempt to take control.
Despite weeks of relatively stable price action, underlying market data suggests that this equilibrium may soon be disrupted. The signs, according to blockchain analytics platform CryptoQuant, point to a potential weakening of bullish momentum.
Whale Activity Signals Distribution Phase
In a recent market report, pseudonymous CryptoQuant analyst Arab Chain highlighted a pattern that could spell trouble for Bitcoin’s near-term outlook. Since late July, large Bitcoin holders — often referred to as "whales" — have transferred between $4 billion and $5 billion worth of BTC to #Binance , the world’s largest cryptocurrency exchange by trading volume.
Historically, sustained whale inflows to exchanges have been associated with distribution phases, where long-term holders move coins to platforms in preparation for selling. Such activity tends to precede heightened #selling pressure and, in many cases, sharp price corrections.
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