{"id":30827,"date":"2025-07-01T21:06:15","date_gmt":"2025-07-01T21:06:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/30827\/"},"modified":"2025-07-01T21:06:15","modified_gmt":"2025-07-01T21:06:15","slug":"bitcoin-selling-profit-driven-but-140k-in-july-is-possible","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/30827\/","title":{"rendered":"Bitcoin Selling Profit Driven But $140K in July Is Possible"},"content":{"rendered":"<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin is stuck between $100,000\u2013$110,000 as mid-to-long-term holders lock in profits.<\/p>\n<\/li>\n<li>\n<p>Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure.<\/p>\n<\/li>\n<\/ul>\n<p>Data from Glassnode suggests that Bitcoin\u2019s (<a href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"nofollow noopener\" target=\"_blank\">BTC<\/a>) range-bound trading price between $100,000 and $110,000 is the result of profit-taking. <a href=\"https:\/\/x.com\/glassnode\/status\/1940017547568717911\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/glassnode\/status\/1940017547568717911\">The data shows<\/a> mid to long-term holders (LTHs) leading the sell-off, with coins aged 3\u20135 years realizing $849 million, while coins in the 7\u201310 years cohort cashed out $485 million. The 1\u20132 year cohort realized $445 million.<\/p>\n<p><img decoding=\"async\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/0197c75f-bf07-7e9c-9201-f63dd9eac6e6.png\" title=\"\"\/>BTC: Realized Profit by Age. Source: Glassnode<\/p>\n<p>Daily realized profits <a href=\"https:\/\/x.com\/glassnode\/status\/1939964967819653323\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/glassnode\/status\/1939964967819653323\">hit<\/a> $2.46 billion, with the 7-day average rising to $1.52 billion, surpassing the year-to-date average of $1.14 billion but below the $4\u20135 billion peaks seen in Q4 2024. <\/p>\n<p>Despite LTHs selling, CryptoQuant analyst Yonsei Dent <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6862a410d839184a616f09db-LTH-Selling-Might-Actually-Be-a-Bullish-Signal\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6862a410d839184a616f09db-LTH-Selling-Might-Actually-Be-a-Bullish-Signal\">said<\/a> there is a silver lining since the data suggests this activity could be net positive. <\/p>\n<p>The Spent Output Age Bands metric highlights when coins of varying holding periods are spent, while Binary Coin Days Destroyed simplifies the data by flagging whether LTHs moved coins on a given day. Dent explained that the consistent appearance of older coin movement is a positive signal in a bull cycle.<\/p>\n<p><img decoding=\"async\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/0197c713-4bb3-7482-a078-cb512fc149c2.jpeg\" title=\"\"\/>Bitcoin Spent Output Age Bands. Source: CryptoQuant<\/p>\n<p>Dent said that despite the selling pressure, BTC\u2019s price has remained stable, meaning the market is absorbing it due to steady demand.<\/p>\n<p>Dent also noted more activity from coins held for 1\u20133 years, reflecting profit-taking from previous cycle buyers. \u201cIf anything, it suggests a transition of market leadership from older holders to newer ones,\u201d the analyst said, suggesting the shift signals strength, not weakness. <\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/less-than-15-bitcoin-left-on-crypto-exchanges-signals-supply-problem\" rel=\"nofollow noopener\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/less-than-15-bitcoin-left-on-crypto-exchanges-signals-supply-problem\"><strong>Related: Less than 15% Bitcoin left on crypto exchanges signals \u2018supply problem\u2019<\/strong><\/a><\/p>\n<p>Historical odds favor a Bitcoin rally in July<\/p>\n<p>Cointelegraph <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-due-to-copy-sp-500-hit-new-all-time-high-in-july-forecast\" title=\"null\" rel=\"nofollow noopener\" target=\"_blank\">reported<\/a> that Bitcoin could be set to follow the S&amp;P 500\u2019s decade-long trend of positive July performance. The SPX recorded its highest monthly close in June, and historically, July has been Bitcoin\u2019s strongest month.\u00a0<\/p>\n<p>Since 2013, BTC averaged a 7.56% return in July, with eight gains in twelve periods, including a 24.03% surge in 2020. Q3 often sees robust risk-asset returns, and Bitcoin\u2019s correlation with the S&amp;P 500 suggests that new all-time highs above $112,000 could occur as early as this month.\u00a0<\/p>\n<p>In fact, once Bitcoin attains new highs, the crypto asset could exhibit significant volatility, as suggested by CryptoCon. The technical analyst <a href=\"https:\/\/x.com\/CryptoCon_\/status\/1939736572725018958\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/CryptoCon_\/status\/1939736572725018958\">highlighted<\/a> a 195-day sideways movement since Dec. 18, 2024, with only 36 days of notable price action. The analysis points to a long \u201cCycle 4 Ranges Expansion\u201d phase. This slow cycle aligns with historical patterns of brief price breakouts masking a broader uptrend.\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, Price Analysis, Market Analysis\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/0197c717-2ba3-737c-a696-57f1e6dfe4f3.jpeg\" title=\"\"\/>Bitcoin Cycle Ranges and Expansions analysis. Source: CryptoCon\/X<\/p>\n<p>Since 2023, every major Bitcoin breakout has unfolded over a 30 to 40-day window, typically followed by a period of sideways consolidation. If history repeats, the next breakout could drive a swift surge toward the $140,000\u2013$150,000 range before entering another cooling phase. <\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-due-to-copy-sp-500-hit-new-all-time-high-in-july-forecast\" rel=\"nofollow noopener\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-due-to-copy-sp-500-hit-new-all-time-high-in-july-forecast\"><strong>Related:\u00a0Bitcoin due to copy S&amp;P 500 to hit new all-time high in July: Forecast<\/strong><\/a><\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n","protected":false},"excerpt":{"rendered":"Key takeaways: Bitcoin is stuck between $100,000\u2013$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older&hellip;\n","protected":false},"author":3,"featured_media":30828,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,67,132,68],"class_list":{"0":"post-30827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114780018030886492","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/30827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=30827"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/30827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/30828"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=30827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=30827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=30827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}