Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance Derivatives Sell-Off According to a CryptoQuant Quicktake post by contributor BorisVest, taker users on Binance Derivatives have consistently engaged in sell-side activity for at least the past 45 days. Notably, the Cumulative Volume Delta (CVD) has remained negative throughout this time. For the uninitiated, the CVD measures the net difference between market buy  – aggressive buying – and market sell – aggressive selling – orders over time. It helps traders identify whether buying or selling pressure is dominating, even if price remains stable. BorisVest noted that Binance Derivatives traders are treating each BTC bounce or rally as a selling opportunity, opening aggressive short positions via market sell orders. However, this strong sell pressure has failed to push prices lower, as BTC continues to absorb the selling activity and maintain support above $100,000. The analyst added that as long as BTC remains within its current range – between $100,000 and $110,000 – while absorbing sell pressure, the potential for upside remains intact. He explained: The CVD metric plays a crucial role here. It aggregates both taker and maker activity to provide a real-time picture of net buy/sell pressure. The fact that CVD remains in decline confirms the dominance of sell-side flow. Yet, the inability of price to drop further despite this pressure may signal that Bitcoin is being absorbed by institutional or large players in the background. That said, other analysts interpret the persistent selling pressure differently. For example, fellow CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is struggling to keep pace with the combined supply pressure from newly mined BTC and selling by long-term holders. BTC Eyeing A Breakout Ahead? Bitcoin’s resilience in the face of heavy selling on Binance Derivatives has once again sparked speculation about a potential breakout. Several additional data points suggest that BTC may be poised to move into a higher price range soon. For instance, recent on-chain data shows that “weak hands” are offloading their BTC holdings to larger, more established investors – indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, institutional interest in the asset continues to grow. Additionally, the Bitcoin Yearly Percentage Trend suggests that BTC could top out around $205,000 by the end of 2025. At press time, BTC trades at $108,589, up 0.4% in the past 24 hours.

On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market. Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Binance Exchange Reserve for Bitcoin and the stablecoins. The “Exchange Reserve” here refers to an on-chain metric that keeps track of the total amount of a given asset that’s sitting on the wallets attached to a centralized exchange. When the value of this metric rises, it means the holders are making net deposits of the asset to the platform. Generally, investors use exchanges when they want to participate in trading activities, so them making inflows could signal appetite for trading the coin away. For cryptocurrencies like Bitcoin, this is something that can naturally have a bearish impact on the price. The same, however, isn’t true in the case of the stablecoins, as they are, by definition, always stable around the same value as the fiat currency that they are pegged to. Investors usually store their capital in the form of these tokens when they want to avoid the volatility associated with assets like Bitcoin. Many of them, however, plan to eventually return back to the volatile side. Once they have decided to make the switch, they transfer their stablecoins to exchanges. When they make the swap to a coin like Bitcoin, its price naturally observes a buying boost. As such, stablecoin inflows can be bullish for the volatile cryptocurrencies. Now, here is the chart shared by the analyst that shows the trend in the Exchange Reserve of Binance for Bitcoin and the stablecoins over the last couple of years: As displayed in the above graph, the Binance Exchange Reserve for the two asset classes showed some correlation in 2024. But by the end of the year, a shift had occurred, with the stablecoins witnessing sharp inflows and Bitcoin outflows. The two have remained decoupled in 2025 so far, although their trends no longer diverge as extremely. The stablecoin Binance exchange reserve has recently been trending sideways, while the one for Bitcoin has rapidly been moving down. Thus, it would appear that there is a large amount of fiat-tied tokens on the exchange potentially waiting to be deployed into the volatile side and at the same time, investors are also pulling out BTC supply, hinting at ongoing accumulation. This could hint at bullish conditions aligning on the largest cryptocurrency exchange, but it only remains to be seen whether the setup would reflect in the Bitcoin price or not. BTC Price Bitcoin is holding steady as its price is still trading around the $108,800 level.

With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin.

Understanding Global Tensions and Their Types Global tensions manifest in various forms, including geopolitical conflicts, economic sanctions, and social unrest. Each type significantly contributes to market uncertainty, which encourages investors to explore alternative assets, such as cryptocurrencies like bitcoin. Geopolitical conflicts, often driven by territorial disputes, political disagreements, or military aggressions, create instability in the affected regions and have a wider economic impact. For instance, when tensions arise between nations, it often leads to fluctuations in national currencies and commodity prices, triggering investors to seek refuge in the decentralized and relatively stable realm of crypto. Bitcoin, being the most recognized cryptocurrency, often receives heightened interest during these tumultuous periods. Another factor in global tensions is economic sanctions, which are employed by governments to restrict trade with specific countries. Such sanctions can have profound impacts on a nation’s economy, leading to reduced revenue, inflation, and decreased access to international markets. The resulting economic isolation can drive local investors to seek assets that are less tethered to traditional financial systems. As a result, cryptocurrencies can emerge as viable alternatives, particularly for those looking to protect their wealth against the repercussions of stringent economic policies. Social unrest is another significant aspect of global tensions. Strikes, protests, and civil movements often arise from widespread dissatisfaction related to political or economic conditions. These events can destabilize entire regions, unsettling investors who may fear economic collapse. In such scenarios, the appeal of bitcoin grows, due to its decentralized nature and its ability to operate independently of conventional banking systems. Recent instances of social unrest in various parts of the world have underscored the relationship between societal instability and a surge in cryptocurrency trading. Understanding the landscape of global tensions is crucial for grasping their subsequent effects on cryptocurrency markets. By monitoring these indicators, investors are better equipped to navigate the complexities of both traditional and digital asset markets, particularly in times of crisis. The Interplay Between Traditional Markets and Cryptocurrencies The relationship between traditional financial markets and cryptocurrencies has become increasingly intricate, especially in times of global tension. Historically, stock market declines have often signaled a shift in investor sentiment, prompting individuals to reconsider their asset allocation. As the volatility in traditional markets escalates, many investors turn their attention to cryptocurrencies, particularly Bitcoin, which is seen as a hedge against traditional asset fluctuations. This transition is influenced by the perception of Bitcoin as a decentralized digital currency that operates independently of government interventions and monetary policies. In a crisis, fiat currencies frequently experience instability, leading investors to seek safe havens for their wealth. As geopolitical uncertainties mount, fluctuations in currency values can push investors toward crypto markets. For example, during significant global events—such as political unrest or economic crises—Bitcoin often exhibits resilience, as it presents a potential store of value. The decentralized nature of cryptocurrencies appeals to those who feel vulnerable under traditional financial systems, particularly when fiat banks may require bailouts or governmental actions that could devalue local currencies. Moreover, the unique value proposition of cryptocurrencies during contentious times cannot be overstated. As traditional markets face downward pressure, crypto assets generally experience increased interest and, in many cases, a surge in prices. This phenomenon underscores the challenge of correlation between traditional and digital assets. Where traditional investments may falter, cryptocurrencies like Bitcoin draw in buyers looking for alternatives, thus creating a dynamic interplay between the two markets. This interaction not only reflects shifts in investor behavior but illustrates how crises can inadvertently enhance the appeal of digital currencies as a viable investment strategy. Bitcoin as a Safe Haven Asset in Times of Uncertainty In recent years, Bitcoin has garnered attention as a potential safe haven asset akin to traditional assets like gold. This perception emerges significantly during periods of global uncertainty, such as geopolitical conflicts and financial crises, prompting investors to seek refuge from volatility in more stable investments. Bitcoin, often dubbed ‘digital gold’, is viewed by many as a viable alternative due to its decentralized nature, limited supply, and increasing acceptance across various industries. Notable events have demonstrated this shift in investor behavior. For instance, during the COVID-19 pandemic, as traditional markets faced abrupt declines and economic forecasts turned grim, Bitcoin’s price saw notable surges. This period marked one of the most significant spikes in Bitcoin’s history, prompting analysts to deem it a hedge against inflation and economic downturn. Similarly, the ongoing tensions in Eastern Europe have also resulted in an influx of capital into Bitcoin as investors are keen to safeguard their wealth amidst potential threats to economic stability. Statistical analyses reveal contrasting behaviors between Bitcoin and traditional safe-haven assets. While gold tends to maintain its value or appreciate during crises, Bitcoin exhibits a more volatile yet upward trajectory during similar periods. Research has indicated that Bitcoin’s price often reacts more acutely to major global events compared to traditional equity markets, showcasing its unique response dynamics. For instance, historical data highlights that significant geopolitical events, such as the U.S.-China trade tensions or the recent Russian-Ukrainian conflict, have correlated with notable increases in Bitcoin’s price, underscoring its growing role as a refuge for investors seeking resilience in uncertain times. As such, the narrative surrounding Bitcoin as a safe haven is strengthened by these historical precedents. Its volatility, while a double-edged sword, also contributes to its allure as an asset capable of providing protection and potential growth even amid tumultuous global conditions. Future Outlook: Navigating the Crypto Market Amid Ongoing Global Tensions The cryptocurrency market, particularly Bitcoin, has experienced significant volatility influenced by global tensions, which raises pertinent questions about its future trajectory. Experts suggest that ongoing geopolitical conflicts and economic uncertainties may continue to create both challenges and opportunities for investors venturing into the crypto landscape. Some analysts believe that Bitcoin could serve as a digital safe haven, much like gold, in times of heightened uncertainty. As traditional financial markets react to global events, the demand for decentralized currencies may increase among investors seeking to preserve value. Market trends indicate that cryptocurrencies could become more intertwined with political and economic developments around the world. For instance, changes in regulatory environments, such as advancements in digital currency legislation, may significantly affect crypto prices. Investors should be attentive to these shifts, as they not only impact Bitcoin but can also ripple through the entire cryptocurrency ecosystem. In addition, socio-political unrest in various regions could lead to a greater adoption of crypto as a means of economic empowerment, particularly in areas facing hyperinflation or currency devaluation. To navigate the complexities of investing in Bitcoin and other crypto assets during these tumultuous times, investors are encouraged to adopt robust risk management strategies. This includes diversifying their portfolios to mitigate risks and remaining informed about market indicators that reflect broader global trends. Furthermore, establishing clear investment goals and understanding the inherent volatility associated with cryptocurrencies can aid in making sound decisions. Staying updated on news related to global tensions will empower investors to react appropriately to market changes, ensuring that they are well-positioned to take advantage of potential opportunities while managing risks effectively.

Bitcoin is holding steady above the $108,000 level, maintaining a bullish structure despite repeated failures to break through its all-time high near $112,000. The price is consolidating in a tight short-term range, and whichever side breaks first will likely set the tone for the coming weeks. This period of low volatility may be the calm before the storm, as buyers and sellers prepare for the next major move. According to data from CryptoQuant, the Mayer Multiple — a classic indicator that measures Bitcoin’s price relative to its 200-day moving average — currently stands at 1.1x. This puts BTC in the “neutral” zone (0.8–1.5x), far below the overbought conditions typically seen in the late stages of bull markets. Historically, readings below 1.5x suggest that Bitcoin still has significant upside potential before hitting speculative extremes. As the market awaits a breakout, investors are closely watching this metric for confirmation that BTC is still undervalued compared to past bull cycles. If Bitcoin can hold its current levels and push decisively above resistance, the neutral Mayer Multiple reading could serve as a launchpad for a renewed bullish trend — but failure to break out may invite a wave of short-term selling. Bitcoin Holds Firm Amid Mixed Signals Bitcoin price action has left many bulls frustrated, as the market continues to grind below its all-time high without a clear breakout. After weeks of consolidation near the $110K mark, traders are bracing for a decisive move. While the structure remains intact and support has held above $105K, the failure to push above previous highs could increase the probability of a sharp correction, potentially dragging BTC below critical demand levels that have served as a floor for the past month. On the macro front, uncertainty appears to be easing. Conflicts in the Middle East are winding down, and US stock markets continue to set new all-time highs, signaling renewed risk appetite. However, not all signals are bullish. Rising inflation and elevated US Treasury yields have reintroduced systemic risk concerns, keeping investors on alert. Top analyst Axel Adler offered a more optimistic perspective, pointing to the Mayer Multiple — a time-tested model that compares BTC price to its 200-day moving average. Currently sitting at 1.1x, the indicator remains firmly within the neutral zone (0.8–1.5x) and well below levels historically associated with market tops. Adler notes that this suggests Bitcoin is still trading at a discount to previous bull markets, and could have significant room to rally if momentum returns. With mixed macroeconomic data and a neutral valuation model, Bitcoin’s next move will depend on whether bulls can reclaim control. A clean breakout above all-time highs would likely ignite a new phase of price discovery. But until then, caution prevails — the longer BTC stalls, the more likely sellers will test support. BTC Consolidates Below All-Time High Bitcoin continues to consolidate just below its all-time high, trading at $108,474 at the time of writing. The 3-day chart shows price action tightly compressed between key levels, with strong support at $103,600 and resistance at $109,300 — the latter being tested repeatedly over the last two weeks. This range-bound structure reflects indecision as bulls attempt to break higher, while bears fail to reclaim control. Notably, BTC remains firmly above the 50-day (blue), 100-day (green), and 200-day (red) moving averages, indicating underlying strength in the trend. Volume remains moderate, but it has picked up during upward moves, suggesting continued buy-side interest near support. The longer BTC holds above $105K and maintains this higher low structure, the greater the probability of a breakout toward uncharted territory above $112K. However, rejection at the $109K level could lead to another retest of support zones. Momentum indicators, while not shown, are likely flattening, consistent with the sideways action. Given the narrowing range and rising tension between support and resistance, a decisive move is imminent. Traders should watch for a clean breakout above $109,300 or breakdown below $103,600 — either will likely define Bitcoin’s direction heading into Q3. Featured image from Dall-E, chart from TradingView

Bitcoin has remained in a tight consolidation range below its all-time high of $112,000 since late May, frustrating both bulls and bears. Despite multiple failed breakout attempts, BTC has held key demand zones above critical support levels, suggesting strong underlying strength. As price compresses, volatility is declining — a classic sign that a major move could be imminent. Top analyst Axel Adler shared fresh data indicating that Bitcoin is currently experiencing a textbook Bollinger Bands squeeze. The spread between the upper and lower bands has narrowed to just 7.7%, marking one of the tightest ranges seen throughout the current bull cycle. Historically, such compressions have preceded explosive moves in either direction. Given Bitcoin’s position above support and within a broader uptrend, the probability favors an upside breakout. This technical setup, combined with macroeconomic tailwinds and renewed investor interest, could serve as the catalyst for BTC to finally push into price discovery. If confirmed, it would not only open the door for a run beyond $112K but also reset expectations across the crypto market. In the coming days, all eyes will be on how Bitcoin responds to this mounting pressure. Bitcoin Consolidates As Bollinger Bands Squeeze Signals Next Move Bitcoin continues to consolidate just below its all-time high of $112,000, frustrating bulls and bears alike. Despite ongoing resistance at the top, bears have failed to drive the price below $105,000, confirming strong demand at key support levels. As the price tightens, the broader macroeconomic picture adds complexity to the outlook. The US Congress recently passed President Donald Trump’s “big, beautiful” economic bill just before the July 4 deadline. The package includes tax cuts and aggressive public spending, which are expected to fuel inflation in the coming quarters. Coupled with optimistic job data, these developments are shaping investor sentiment across traditional and crypto markets. On the technical side, Axel Adler highlighted a classic Bollinger Bands squeeze currently forming on Bitcoin’s chart. The range between the upper and lower bands has compressed to just 7.7%—one of the tightest readings seen throughout the ongoing bull cycle. This kind of volatility drop suggests energy accumulation, with the price preparing for a significant move. Historical patterns offer insight: of six major Bollinger Band squeezes this cycle, four resulted in immediate upside moves, and two triggered brief corrections before rallies resumed. With this precedent, Adler believes the current setup most likely foreshadows a bullish breakout, although minor consolidation beforehand is still possible. BTC Price Holds Above Key Moving Averages The 12-hour Bitcoin chart shows BTC trading at $108,892, struggling to break above the key resistance zone around $109,300. This level has acted as a rejection point multiple times since early June, confirming its strength. Despite the recent pullback, price remains above the 50 SMA ($106,442) and 100 SMA ($106,671), indicating bullish momentum is still in play. Importantly, bulls have defended the $106,000–$107,000 support range several times, preventing deeper corrections and keeping BTC within a tight consolidation range. Volume has declined in recent sessions, suggesting the market is waiting for a catalyst to break out of this range. If Bitcoin closes decisively above $109,300 on strong volume, a run toward the $112,000 all-time high becomes increasingly likely. On the downside, a break below the 100 SMA could expose BTC to the next major support around $103,600, a key level that has held since mid-May. The 200 SMA (currently at $99,093) remains a long-term support zone that hasn’t been tested in months. Featured image from Dall-E, chart from TradingView

Over the past week, Bitcoin (BTC) has been seesawing within a narrow price range of $107,000 to $110,000, offering little clarity on the direction of its next major move. However, the latest technical analysis suggests that the flagship cryptocurrency may be on the verge of a breakout to the upside, potentially eyeing a new all-time high (ATH). Bitcoin Set To Clear Descending Broadening Wedge According to a recent X post by crypto trader Merlijn The Trader, Bitcoin appears poised to break out of a bullish descending broadening wedge pattern. The trader noted that if BTC can sustain support above the $104,000 level, it may target a potential high of $144,000. For the uninitiated, a descending broadening wedge is a bullish chart pattern formed by two diverging trendlines sloping downward, where price makes lower highs and lower lows over time. It suggests growing volatility and selling exhaustion, often leading to a breakout to the upside once resistance is broken. The following two-day chart shows BTC adhering to this pattern since early January 2025. A significant reversal occurred in April, when Bitcoin surged from a local low of around $76,000 to over $100,000 in just a few weeks. Meanwhile, fellow crypto analyst Ted Pillows shared a similar outlook. He shared the following weekly BTC chart, noting that Bitcoin just posted its highest-ever weekly close. He also highlighted that the Moving Average Convergence Divergence (MACD) indicator has formed a bullish cross – similar to the setup in Q4 2024. To explain, MACD bullish cross occurs when the MACD line – short-term moving average – crosses above the signal line  – longer-term moving average – signaling a potential shift from bearish to bullish momentum. This crossover is often seen as an early indicator of a price uptrend or buying opportunity. Bitcoin experienced strong price appreciation in Q4 2024, climbing from approximately $58,000 on October 6 to $108,000 by December 15. At the time, the rally was also fueled by renewed market optimism following Republican candidate Donald Trump’s victory in the US presidential election. BTC Price May Stall Temporarily While Bitcoin seems poised to set new ATHs in the near term, some analysts caution that a short pause in the uptrend may occur. For instance, seasoned analyst Ali Martinez observed that some long-term holders are beginning to take profits. Similarly, strong US employment data for June 2025 is likely to force the US Federal Reserve (Fed) to delay interest rate cuts, which may result in a temporary price pullback in risk-on assets, including BTC. That said, Bitcoin’s weekly RSI continues to trend upward, offering bulls hope that a new high may be within reach. At press time, BTC is trading at $108,160, down 0.1% over the past 24 hours.

In a first for the Bitcoin network, 20,000 BTC dormant since 14 years has suddenly moved. Here’s how much profit was involved in the transaction. A Significant Amount Of Ancient Bitcoin Has Just Been Transferred As explained by CryptoQuant community analyst Maartunn in a new post on X, there have been a couple of unprecedented transactions on the Bitcoin blockchain. The transfers in question involved the movement of 20,000 BTC in two batches (that is, 10,000 tokens in each move) sitting dormant since 14.3 years ago. “This is never before witnessed in Bitcoin’s entire history,” notes Maartunn. When the tokens involved in these moves were last transacted in April 2011, they were worth a total of $15,586. Today, they are worth upwards of $2.1 billion. This naturally suggests that with the move, the owner of the tokens has harvested an extraordinary amount of profit. More specifically, the move has realized a gain of almost 13.8 million percent. An indicator that has registered a notable spike because of the dormancy-breaking transactions is the Bitcoin Coin Days Destroyed (CDD). A ‘coin day’ is a quantity that one token of the asset accumulates after being still on the blockchain for one day. When a coin that has been dormant for some number of days is moved, its coin days counter resets back to zero and the coin days that it had been carrying are said to be ‘destroyed.’ The CDD measures the total number of coin days being reset in this manner across the network. Naturally, the CDD is particularly sensitive to moves from the diamond hands of the Bitcoin market, as their tokens tend to carry a large number of coin days. The 20,000 BTC transactions from today are quite ancient, so it’s to be expected that they would register on the indicator. And indeed, as the chart for the metric displays, each of the two 10,000 BTC transfers involved the destruction of more than 52 million coin days. Thus, collectively, the moves have caused the CDD to reach over 104 million coin days. Now, what could these moves mean for the Bitcoin market? Generally, when such ancient coins move, the motive is likely to be selling. In this particular case, however, the investor involved may not be a high-conviction holder. This is because coins that reach such an old age usually get there by becoming lost, either due to their existence being forgotten or having their keys misplaced. As such, it’s probable that the tokens have only recently been rediscovered. Selling from holders carrying coins from a few years ago can be a sign of conviction breaking in the sector, but this particular move may not be it. BTC Price Bitcoin has retraced some of its latest recovery as its price has pulled back down to $107,900.

Although Bitcoin (BTC) has recorded slight losses over the past 24 hours – following strong US employment data – the top cryptocurrency’s overall structure remains overwhelmingly bullish, promising new highs in the near term. Bitcoin Retests Bullish Megaphone Pattern According to an X post by crypto analyst Mister Crypto, BTC recently completed a successful retest of a bullish megaphone pattern. The analyst shared the following chart, suggesting that BTC may finally be ready for a breakout to a new all-time high (ATH). For the uninitiated, a bullish megaphone pattern occurs when price forms a broadening structure with higher highs and lower lows, followed by a breakout to the upside. It suggests growing volatility and buyer dominance, often leading to strong upward momentum once resistance is broken. Similarly, fellow crypto analyst Jelle commented on the latest BTC price action, noting that while the digital asset is still trading in a local range, it has successfully flipped previous local highs into support levels. The analyst added that there’s just one more resistance level to overcome – $112,000. A decisive breakout above this level could propel BTC into what he called the “thin air” zone. On a longer time frame, BTC appears to be steadily approaching a rising trendline formed by multiple previous resistance levels. Crypto analyst CryptoGoos noted that once Bitcoin breaks above this trendline, “sky is the limit.” Zooming out further, crypto trader Merlijn the Trader highlighted Bitcoin’s three-year uptrend. He believes the final phase of this uptrend has begun, potentially taking BTC to $240,000 in the coming months. BTC To Benefit From Short Squeeze? Bitcoin may also benefit from short liquidations. In a separate X post, seasoned crypto analyst Ali Martinez noted that over $30 million in short positions could be wiped out if BTC surges past $111,000. Short liquidations occur when traders who bet against an asset are forced to close their positions due to rising prices, typically by buying back the asset at a loss. This buying pressure can further drive prices up, often resulting in a rapid price surge known as a short squeeze. Meanwhile, there are no clear signs of exhaustion in the Bitcoin market. According to a recent analysis by CryptoQuant contributor Crypto Dan, the BTC bubble chart suggests that the asset is cooling off without overheating – implying more room for growth. That said, some risks remain. Bitcoin recently flashed a rare signal on the three-month chart that could foreshadow a brutal sell-off, possibly dragging the price down to $40,000. At press time, BTC trades at $107,701, down 1.6% in the past 24 hours.

On July 3, 2025, a solo miner pulled off what most would call impossible: processing an entire Bitcoin block and bagging nearly $350,000 in BTC block rewards. Lone Wolf Bitcoin Miner Strikes Digital Gold As first flagged on X by journalist Pete Rizzo, block 903,883 was processed by an individual miner — something that rarely happens. According to Rizzo, the anonymous miner “beat incredible odds” on Thursday to mine the whole block.  Dr CK, who is the administrator of the Solo.ckpool, a pool for independent miners and where this particular block was mined, congratulated the lucky miner, noting that they used just 2.3 petahashes to mine it. “A miner of this size has about a 1 in 2,800 chance of solving a block every day, or once every 8 years on average,” the software engineer of the CK Miner pool postulated.  According to Mempool Space, the miner bagged a big payout of 3.125 BTC, as well as 0.048 BTC in fees. That’s a grand total of ‎3.173 BTC. At Bitcoin’s price of about $108,700 per coin at the time of the block win, that adds up to a reward of around $349,028. Bitcoin miners, who process blocks on the top crypto’s network, are given newly minted coins: a 3.125 BTC fixed reward, along with the transaction fees paid by those using the payment system within that specific block window.  The energy-intensive and expensive nature of Bitcoin mining usually leads to industrial-sized mining setups scoring the vast majority of block rewards. Many of these are public companies trading on U.S. stock exchanges. But every so often, a solo miner may get lucky and solve a block. The chances of doing this, though, are quite slim, and it has become akin to winning the lottery. In March, a lone miner struck it big on block 888,737, which also yielded the 3.125 Bitcoin block reward and 0.032 BTC transaction fee — a payday of $266,000 at the time.  Another solo miner hit the jackpot in early June, successfully mining block 899,826, earning a total reward worth $326,739. However, this miner reportedly rented additional hash rate to better their odds amid record-high network difficulty.