Bitcoin Hits $109K, Now What?

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  • So, institutional buyers are back on the Bitcoin bandwagon, huh? I guess that’s a good thing… 🤔
  • Bitcoin closed above $109K for the first time, but don’t get too excited, folks. Resistance is still a thing. 🚫

On July 6th, Bitcoin did something it’s never done before – it closed above $109K. I mean, who needs a social life when you can just stare at a screen and watch numbers go up? 📊

BTC ended the week at $109,216, which is just a fancy way of saying it’s still really expensive. But hey, at least it’s not as boring as watching paint dry. 🎨

Sellers became buyers, confidence returned, but let’s not get ahead of ourselves. We still need to see if this breakout is the real deal. 🤔

Bitcoin Technical Breakdown (Because You Clearly Need More Breakdowns in Your Life)

This resistance level has been a real party pooper. It’s pushed Bitcoin down three times already. I mean, who needs a significant other when you have a resistance level to deal with? 😒

BTC might dip to $107,320, which is just a nice way of saying it’s going to make you nervous. But hey, if it holds, the bulls might get their mojo back and aim for $110,000. 🚀

Bitcoin needs to reclaim this level with volume, or else it’s just a bunch of hot air. 💨

If this support level fails, the next stop might be $104,984. Because who doesn’t love a good rollercoaster ride? 🎠

$107K: The Liquidity Trap (Because You Clearly Need More Traps in Your Life)

An analysis of the Bitcoin Liquidation Heatmap on Binance revealed that BTC might drop to $107,000. Because who needs a crystal ball when you have a heatmap? 🔮

This drop is likely because there’s almost no liquidation leverage between the current price and $110,000. But hey, at least there’s some excitement in the $107,000 region. 🎉

At precisely $107,731.15, total liquidation leverage stands at $85 million. Because who doesn’t love a good game of financial Jenga? 🎲

FUD Dies, Long-Term Outlook Strengthens (Because You Clearly Need More Acronyms in Your Life)

FUD among macro investors is fading, and the long-term outlook is back in the game. Because who needs a short-term outlook when you can just wait and see? 🤔

On July 7th, Binary Coin Days Destroyed (CDD) showed a significant drop, suggesting that major players have resumed holding their assets. Because who needs to sell when you can just hold on for dear life? 💪

This signaled that long-term investors have halted their selling, adding further confirmation that the likelihood of a significant drop is low. Because who needs a significant drop when you can just have a slow and painful one? 😒

Also, another move aligned with post-FUD accumulation behavior. Because who doesn’t love a good game of financial chess? 🎲

According to CoinGlass data, institutional investors dumped BTC once since June 9th, but that sale was short-lived. Because who needs a long-term relationship when you can just have a quick fling? 😘

Within days, institutions bought back over $1 billion in BTC, further solidifying the long-term bullish tilt. Because who needs a bear market when you can just have a bull run? 🐂

Profit-Taking Fizzles Out (Because You Clearly Need More Fizzling in Your Life)

CryptoQuant’s Net Realized Profit and Loss dropped significantly since July 4th. Because who needs a profit when you can just have a loss? 🤔

More notably, Exchange Depositing Addresses fell to just 22,000, a low not seen since 2016. Because who needs to deposit when you can just withdraw? 🤑

That’s a strong signal: Bitcoin first strategies are dominating again, with investors preferring cold wallets over quick exits. Because who needs a quick exit when you can just hold on for dear life? 💪

In fact, AMBCrypto previously reported that whales have resumed accumulation after a year-long hiatus. Because who needs a hiatus when you can just accumulate? 🐳

Whales holding between 10,000 and 100,000 BTC re-entered the market in March and July. During this time, BTC achieved high profitability, yet whale behavior remained patient. They didn’t sell—they accumulated. Because who needs to sell when you can just accumulate? 🤔

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2025-07-08 09:17