- Bitcoin hits $117K as exchange inflows drop 78% from November, showing holders aren’t rushing to sell into strength.
- Only 18K BTC entered exchanges in July, marking the lowest daily inflow since 2015 during a record-breaking rally.
- Sharp inflow drop across all wallet bands confirms minimal sell pressure as Bitcoin pushes through $118K resistance.
Bitcoin has surged to $117,622.90, setting another record while on-chain inflows sink to decade-low levels. The combination of low sell-side pressure and strong breakout momentum is fueling the current rally into Q3 2025.
On-Chain Flows Show Minimal Sell Pressure
Exchange inflows have dropped sharply to just 18K BTC per day, the lowest level since 2015. Brought to the public by CryptoQuant, this marks a 78% decline from the 81K BTC recorded in November 2024.
This steep decline in inflows suggests holders are not rushing to sell into strength, despite fresh all-time highs. The price has climbed steadily through resistance with no corresponding spike in coin deposits to exchanges.
Moreover, value band data shows only 7K BTC in inflows across all wallet cohorts this month, according to analyst Julio Moreno. This is down from 62K BTC in November, led by notable declines from mid-tier wallets holding 1–100 BTC.
Price Action Confirms Strength Across Key Levels
Bitcoin is trading at $117,622.90 after gaining 1.39% on Binance during the latest session. The candle opened at $116,010.01 and hit a high of $118,404.22, forming a clear bullish continuation structure.
Volume reached 12.53K BTC, backing the rally with firm participation through each leg of the breakout. This push confirms market commitment after weeks of consolidation and steadily higher lows.
Moreover, Bitcoin respected a short-term support level near $115,222.22 before reversing and retesting the upper wick zone. This pattern suggests traders are defending dips aggressively while momentum builds.
Contextual Trends Reinforce Bullish Structure
The broader trend points to rising conviction as price separates from prior resistance zones near $110,000. According to a report by CryptoQuant, this rally is occurring without distribution from long-term holders or profit-takers.
CryptoQuant’s exchange inflow dashboard highlights the disconnect between price and deposited volume throughout this breakout. Analysts link this to reduced short-term selling and tight liquid supply on exchanges.
Therefore, current on-chain and price dynamics point to favorable continuation conditions with minimal sell-side friction. The alignment of technical momentum and structural supply tightness has fueled Bitcoin’s climb toward $120K.
