In late July 2025, the Bitcoin market experienced a significant shift with U.S. spot Bitcoin ETFs registering $131.4 million in outflows on July 21st, ending a 12-day inflow streak, while overall weekly outflows reached $199 million, indicating short-term profit-taking after Bitcoin's rally to record highs. Concurrently, Bitcoin network activity saw a sharp 70% decline in active unique addresses, reflecting profit-taking by large holders and institutional investors, leading to a period of consolidation rather than a long-term bearish reversal, as total ETF assets and cumulative inflows remain strong despite a growing investor interest in altcoins like Ethereum.
Technical Analysis: Key Levels to Watch for BTC/USD
BTC/USD lost more than 4% on ETF outflows.It trades below short-term (34-EMA and 55-EMA) and long-term (200-EMA) moving averages on the 4-hour chart. Minor support is around $111500; breaking below this would drag the pair down to $108000/$103000/$10000/$94660/$90000. Immediate resistance is around $116000 indicates that closing above this level could lead to targets at $118000/$125000/ $130,000, or even $135,000.
Investment Strategy: Opportunities for Traders
Indicators (4-hour chart).
CCI(50)- Bearish
Directional movement index - Neutral
It is good to buy on dips around $104000 with a stop-loss set at $100000 for a TP of $125000/$135000.


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