A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor.  Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock. Related Reading: Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip News of the $9 billion Bitcoin sale initially caused price volatility. Bitcoin’s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, BTC/USD swiftly fell to around $114,000 to $115,000.  The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin’s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level.  However, it soon became clear that Bitcoin’s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000. This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure. Image From X: Joe Consorti Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. “The entire sale has been fully absorbed by the market,” noted Bitcoin analyst Jason Williams. What’s Next For Bitcoin Price? With the whale’s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin’s trajectory. “We’re going so much higher,” Jason Williams noted. It’s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher.  Related Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According To Expert At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView Source: newsbtc.com (Read Full Article)

The price of Litecoin has been one of the brightest spots in the altcoin market over the past few weeks, jumping by more than 30% so far in the month of July. The LTC price, however, barely made a dent over the past week, mirroring the sluggish state of the crypto market in recent days. Nevertheless, the future still looks quite promising for Litecoin, with several analysts backing the cryptocurrency to embark on an extended rally over the next few months. In one such evaluation, a market expert on X has said that the price of LTC might be at the beginning of an upward rally. LTC Price Soared 11,900% Last Time This Happened  In a July 26 post on the X platform, Chartered Market Technician (CMT) Tony Severino put forward an exciting prognosis for the price of Litecoin. According to the crypto expert, the altcoin appears on the verge of what might be a defining upward run in the coming months. Related Reading: Solana In The Danger Zone – Will $175 Support Hold Or Collapse? This projection is based on the recent movements of the Litecoin Average Directional Index (ADX) on the monthly timeframe. Average Directional Index is an indicator used in technical analysis to determine the strength of an asset’s price trend. The ADX indicator evaluates the strength of a price trend by measuring the degree of directional movement. These calculations are based on a moving average of price range expansion and contraction within a given timeframe. Typically, when the Average Directional Index is below 20, it implies that the market is consolidating or moving sideways. However, when ADX moves between 20 and 25, it signals that a trend might be forming for the asset. Meanwhile, when the ADX rises above 25, it confirms the formation of a strong trend. Severino noted that the Average Directional Index on the Litecoin monthly timeframe is now above 20, meaning that a trend is forming. Meanwhile, the positive Directional Indicator (DI+) found a support cushion at the ADX line and is now rising. This trend is similar to the one seen in 2017, where the ADX also crossed above the 20 mark and offered support to the DI+ (green line). This phenomenon was followed by a rally that saw the Litecoin price travel from around $3 to as high as $360 (an astounding 11,900% rally). Hence, the price of Litecoin could confirm the start of a strong rally if the ADX keeps rising and eventually sustainably breaches the 25 threshold Litecoin Price At A Glance As of this writing, the price of LTC stands at around $114.61, reflecting an over 1% increase in the past 24 hours. Related Reading: Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic Featured image from PayPal, chart from TradingView Source: newsbtc.com (Read Full Article)

Top market analyst Ali Martinez has shared on-chain data that tips Bitcoin to reach a $130,000 valuation, albeit on one condition. This bullish price prediction comes following a slight 2.6% price rebound over the past two days, pushing Bitcoin within the $118,000 price range. Related Reading: Bitcoin Price Could Still Tumble Down To $109,000 — This Chart Pattern Suggests So $110K Emerges As Crucial Bitcoin Support Zone – Here’s Why In an X post on July 26, Ali Martinez postulates that Bitcoin may be on track for a significant leg higher based on recent data from the MVRV pricing bands by Glassnode. However, the premier cryptocurrency must avoid losing a certain support zone to prevent an invalidation of this bullish thesis. The MVRV bands, derived from Market Value to Realized Value (MVRV) ratios, help visualize when Bitcoin is either overvalued or undervalued relative to its historical realized price. These bands function like Bollinger Bands but are grounded in on-chain fundamentals, tracking statistical deviations around the mean MVRV value. As of July 23, 2025, Bitcoin was trading at approximately $118,782, following a steady climb over recent weeks. According to the MVRV pricing model, the cryptocurrency was hovering just beneath the +1.0σ deviation band, marked at $130,756, representing the next major price resistance and target. Notably, the +1.0σ band is also interpreted as a key zone of extreme market optimism, often preceding local tops (+2.0σ) On the other hand, the model’s +0.5σ band sat at $109,858 below the current market prices, serving as a vital support threshold. Ali Marinez explains that Bitcoin must maintain its price level above this band to retain a high probability of continuation toward the +1.0σ level target based on historical patterns. However, a breakdown below $110,000 could signal a deeper correction, potentially down to the mean band at around $88,960, or lower toward $68,062 (-0.5σ). Related Reading: AVAX Ready For Range Breakout – Bulls Eye $36 Price Target Bitcoin Investors Take Profits With Rising Market Confidence According to more data from the MVRV model, the growing distance between BTC’s realized price, around $50,831, and its present market price reflects growing investor conviction. For context, the realized price represents the average cost basis of all coins in circulation, thereby indicating how deeply in profit the average Bitcoin holder is at the moment. At press time, the premier cryptocurrency trades at $118,178 following a 0.73% in the past day. However, the daily trading volume is significantly down by 53.39% and valued at $47.98 billion. According to price prediction site Coincodex, the Bitcoin market sentiment remains largely bullish, with the Fear & Greed Index nearing extreme greed at 72. Coincodex analysts project the leading cryptocurrency to maintain its current rebound, rising to $122,019 in five days and $141,075 in a month. Featured image from iStock, chart from Tradingview Source: newsbtc.com (Read Full Article)