koinmilyoner
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Bullish
⚡ $120K BTC Surge — On-Chain Trends Suggest Rally Has More Room to Run
Bitcoin has recovered around its all-time high in the last week. The cryptocurrency is trading over $120,000, close to the record of $123,000.
Its seven-day return of 5.1% makes it one of the best digital asset performers.
On-chain USDT transfer data from TRON is revealing market activity throughout price volatility. Amr Taha of CryptoQuant found similarities in TRC-20 USDT transaction flows that may indicate Bitcoin price changes.
The methodology distinguishes between market activity and institutional-scale transactions by dividing transactions into six size groupings, from $100 retail trades to $10 million “super whale” transfers.
Converting BTC into USDT and moving stablecoins to private wallets reduces spot market purchasing pressure.
July 16 saw $10M+ USDT transactions hit $5.2 billion, followed by a 4.5% loss in BTC, while July 23 saw $5.8 billion in identical transfers precede a 3.8% dip within 48 hours.
Large-scale transactions are rare in current data, indicating substantial holders are not aggressively trading stablecoins. Instead of selling, whale outflows may signal that major investors are holding.
Bitcoin Market Participation Movement and Breakout Potential
Another view on participation patterns came from CryptoQuant's ShayanMarkets investigation of Bitcoin futures market average executed order size.
Divide total traded volume by number of executed orders to determine if retail or institutional traders are driving activity.
In late 2024 and early 2025, whale dominance corresponded with significant rallies. Smaller retail orders have increased while whale-driven transactions have decreased in recent weeks.
This shows that large-scale purchasers may be retaining holdings bought at cheaper prices or waiting for fresh market circumstances before re-entering with volume.
Whale dominance during market highs has historically been linked to distribution periods, as major holders take gains.
#BTCReclaims120K #CPIWatch #USFedNewChair $BTC $ETH
Bitcoin has recovered around its all-time high in the last week. The cryptocurrency is trading over $120,000, close to the record of $123,000.
Its seven-day return of 5.1% makes it one of the best digital asset performers.
On-chain USDT transfer data from TRON is revealing market activity throughout price volatility. Amr Taha of CryptoQuant found similarities in TRC-20 USDT transaction flows that may indicate Bitcoin price changes.
The methodology distinguishes between market activity and institutional-scale transactions by dividing transactions into six size groupings, from $100 retail trades to $10 million “super whale” transfers.
Converting BTC into USDT and moving stablecoins to private wallets reduces spot market purchasing pressure.
July 16 saw $10M+ USDT transactions hit $5.2 billion, followed by a 4.5% loss in BTC, while July 23 saw $5.8 billion in identical transfers precede a 3.8% dip within 48 hours.
Large-scale transactions are rare in current data, indicating substantial holders are not aggressively trading stablecoins. Instead of selling, whale outflows may signal that major investors are holding.
Bitcoin Market Participation Movement and Breakout Potential
Another view on participation patterns came from CryptoQuant's ShayanMarkets investigation of Bitcoin futures market average executed order size.
Divide total traded volume by number of executed orders to determine if retail or institutional traders are driving activity.
In late 2024 and early 2025, whale dominance corresponded with significant rallies. Smaller retail orders have increased while whale-driven transactions have decreased in recent weeks.
This shows that large-scale purchasers may be retaining holdings bought at cheaper prices or waiting for fresh market circumstances before re-entering with volume.
Whale dominance during market highs has historically been linked to distribution periods, as major holders take gains.
#BTCReclaims120K #CPIWatch #USFedNewChair $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.