Bitcoin up more than 50% since July 1 low; $100,000 back in focus
AI Market Summary
Bitcoin's >50% rally since early July is being reinforced by on-chain and ETF flow data. A spike in $1M+ transactions suggests large-entity activity consistent with institutional positioning rather than broad profit-taking. U.S. spot BTC ETFs adding ~$1.6B over 72 hours indicates sustained demand and deepens liquidity support. With key supports identified and resistance clustered near ~$100k, near-term positioning may remain momentum-driven.
Impact level
● High
Affected assets
BTC/USDT+1.83%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Analyst Ali Charts (@alicharts) said Bitcoin has climbed more than 50% from its July 1 low of $57,749, and is now holding above a key support zone at $84,569. On-chain data shows 2,722 BTC network transactions over $1 million were recorded yesterday, a sign of continued institutional inflows rather than widespread profit-taking. Demand has also been reinforced by U.S. spot Bitcoin ETFs, which saw net inflows of more than $1.6 billion over the past 72 hours, pointing to strong buying pressure. From a technical perspective, secondary support sits around $77,000. Major resistance is seen near $104,765, while the MVRV pricing band indicates an average resistance level around $100,670. With demand remaining firm, the $100,000 mark continues to be a central target for the market.
