Bitcoin Today 08/07/2025: BTC Remains Stable in a Tug-of-War Between Institutions and Long-Term Holders
- Why Was the Crypto Market So Quiet Today?
- Are Long-Term Bitcoin Holders Cashing Out?
- How Are Geopolitical Risks Affecting Bitcoin?
- What Do Technical Indicators Suggest?
- FAQ: Key Questions Answered
The cryptocurrency market opened unusually quiet this Tuesday (July 8, 2025), with Bitcoin (BTC) hovering just above $108,000 amid a standoff between institutional activity and long-term holders cashing in gains. While Dogecoin (DOGE) led minor losses (-1%), the Top 100 saw sharper declines (e.g., TKX -15.7%, FARTCOIN -7.1%). Derivatives liquidations hit $172M, per CoinGlass, as geopolitical tensions (Trump’s BRICS tariff threats) and on-chain data (rising BTC sales by long-term holders) fueled volatility. Analysts debate whether this consolidation phase precedes a breakout to $115K or a dip to $102K.
Why Was the Crypto Market So Quiet Today?
The opening hours of July 8, 2025, were among the most uneventful in recent crypto history. Only dogecoin (DOGE) moved notably, dipping 1%, while the rest of the Top 10 fluctuated within a razor-thin ±0.1% range. Bitcoin itself inched up 0.1% to $108,756—a level it’s tested repeatedly over the past week. This stagnation reflects a broader indecision: derivatives traders liquidated $172M in positions ($113M shorts vs. $59.7M longs), per CoinGlass data, suggesting conflicting bets on BTC’s next move. Historical patterns reveal such tight trading ranges often precede major breakouts or breakdowns.
Are Long-Term Bitcoin Holders Cashing Out?
On-chain analyst Ali Martinez flagged a concerning trend: long-term BTC holders are increasingly taking profits. Glassnode data shows a spike in "old coin" movements to exchanges, typically a precursor to selling. This aligns with Bitcoin’s 18-month rally from $30K to $110K+, tempting early investors to lock in gains. However, the BTCC research team notes these transfers could also represent internal exchange adjustments rather than outright sales. "We’ve seen similar activity during past consolidation phases," said a BTCC analyst. "Unless accompanied by sustained price drops, it’s premature to call a market top."
How Are Geopolitical Risks Affecting Bitcoin?
Former U.S. President Trump’s renewed tariff threats—10% on BRICS nations (including China) and 25% on Japan/South Korea—rattled global markets. Though delayed until August 1, the move amplifies fears of economic decoupling. Historically, bitcoin has been both a casualty (during risk-off selloffs) and beneficiary (as a hedge against currency wars) of such tensions. "The $107K-$110.5K range is Bitcoin’s battleground now," said Guilherme Prado of Bitget. "A breakout above $110.5K could fuel a July rally to $123K, while losing $107K may trigger liquidations down to $102K."
What Do Technical Indicators Suggest?
Despite the sideways action, key metrics hint at upside potential. The MVRV-Z Score—a measure of whether BTC is over/undervalued—sits at a neutral 2, far below the 8+ levels seen at past cycle peaks. Meanwhile, a descending wedge pattern (often bullish) is forming between $90K-$110K. "This resembles the 2023 accumulation phase before BTC’s 300% surge," noted "Mr. Wall Street," a pseudonymous analyst. He projects targets of $140K-$170K if Bitcoin clears $117K resistance.
FAQ: Key Questions Answered
Why is Bitcoin stuck at $108K?
Institutional buying (via ETFs/corporate treasuries) is balancing out profit-taking by long-term holders, creating equilibrium. Derivatives data shows equal liquidations for longs/shorts.
Should I sell my Bitcoin now?
This article does not constitute investment advice. However, historical data suggests holding through consolidation phases often outperforms timing the market.
How reliable are the $123K/$102K price targets?
These derive from Fibonacci retracement levels and volume profiles—widely followed but not infallible. Always cross-check with multiple indicators.
What’s the impact of Trump’s tariffs on crypto?
Mixed. Trade wars can weaken risk assets short-term but may boost Bitcoin’s appeal as a neutral store of value long-term.
Are altcoins riskier than Bitcoin right now?
Yes. With 80% of Top 100 cryptos in the red today (vs. BTC’s stability), capital appears to be fleeing to the relative safety of Bitcoin.
