In a Nutshell:
- Bitcoin hovers lazily between $116.8K and $119.5K, clearing liquidity like a janitor mopping floors.
- Analyst Michaël van de Poppe predicts fireworks the longer BTC stays in this snoozefest.
- CryptoQuant data whispers neutrality, with no clear trend—just like a teenager avoiding life decisions.
- On-chain signals echo 2020 patterns, hinting at a bull market finale sooner than you think. 🎢
Bitcoin (BTC) sits smugly at $118,300, down 0.2% over the week. For weeks now, it has been stuck in a tight range, as if paralyzed by indecision. Traders are tiptoeing around today’s FOMC interest rate decision like cats on a hot tin roof.
Crypto analyst Michaël van de Poppe dubbed this phase “extremely boring,” which is ironic since he’s probably charging thousands to say that. Bitcoin clings stubbornly to its $116,800–$119,500 zone, refusing to budge up or down.
His chart reveals that liquidity above and below this range has already been swept clean—a classic prelude to chaos. He suggests breaking above $119,500 could lead to testing previous highs. If it drops instead, brace yourselves for bargain hunters eyeing $110,000–$112,000 like vultures circling a carcass.
Extremely boring range for the past few weeks on #Bitcoin.
Still no breakout, still no decision.
The longer we stay in the range, the heavier the breakout will be.
— Michaël van de Poppe (@CryptoMichNL) July 30, 2025
Axel Adler Jr., an analyst at CryptoQuant, shared insights using the Bitcoin Heat Macro Phase tool, currently sitting at 44%. This number reflects selling activity from long-term holders, ETF inflows, and overall demand. High values signal overheating; low ones suggest quiet reflection—or procrastination.
Bitcoin Heat Macro Phase provides a single scalar value that reflects the current temperature of the Bitcoin market:
High values (closer to 50%) mean that most components (overvaluation assessment, profit-taking activity, LTH selling pressure, and ETF inflows) are at upper…
— Axel Adler Jr (@AxelAdlerJr) July 30, 2025
At 44%, Adler explains the market is caught in limbo: neither bullish nor bearish but somewhere in between, like a cat deciding whether to nap or destroy your furniture.
“There is currently no pronounced dominance of either bulls or bears,” the analyst said.
Profit-taking is happening, but at a pace slower than your Wi-Fi during peak hours.
Another CryptoQuant analyst, Crypto Dan, noted a cooling period after brief short-term activity. By examining Bitcoin held for one day to one week, they observed fleeting excitement earlier this month. Compared to larger corrections in 2024 and early 2025, this phase feels more like a yawn than a storm.
Crypto Dan advises traders to endure this cooling-off period before the next upward surge—because patience is apparently still a virtue in crypto land.
On-chain analyst Joao Wedson pointed out that wallets holding over 10,000 BTC are dwindling again, reminiscent of the 2020–2021 bull run. Back then, prices soared despite large holders reducing their stakes—like watching someone eat cake while claiming they’re dieting.
“The same pattern is happening again,” Wedson said.
He believes this signals the final stretch of the current bull market cycle:
“In my opinion, this signals that the BTC bull market has just a few weeks left.”
This deja vu-inducing trend is being monitored closely, especially as Bitcoin continues its horizontal dance within a narrow band. Perhaps it’s practicing for its grand finale—or maybe it’s just forgotten where it was going.
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2025-07-30 13:34