{"id":56738,"date":"2025-07-29T04:38:45","date_gmt":"2025-07-29T04:38:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-consolidates-below-120k-analysts-say-ethereum-flows-will-guide-next-market-move\/"},"modified":"2025-07-29T04:38:45","modified_gmt":"2025-07-29T04:38:45","slug":"bitcoin-consolidates-below-120k-analysts-say-ethereum-flows-will-guide-next-market-move","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-consolidates-below-120k-analysts-say-ethereum-flows-will-guide-next-market-move\/","title":{"rendered":"Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The crypto rally has stalled, with Bitcoin struggling to challenge the $120K level as institutional investors take profit.<\/li>\n<li>Institutional ETF inflows into Bitcoin have plunged by 80% this week to just $496 million, a sign of cooling demand.<\/li>\n<li>Market focus is now shifting to Ether (ETH), with its capital flows seen as the key to the market\u2019s next move.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The powerful cryptocurrency rally is showing signs of fatigue, with Bitcoin struggling to challenge the $120,000 mark and key indicators pointing to a significant pullback from institutional investors. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">As the market enters a tense consolidation phase, observers say the focus is now shifting to Ether (ETH) and whether it has the strength to bring fresh capital back into the fold and reignite the bullish momentum.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">After briefly touching new all-time highs last week, the crypto market has entered a period of consolidation, and the underlying data is revealing some cracks in the bullish facade. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Glassnode data highlights a dramatic cooling of institutional interest, with inflows into spot Bitcoin ETFs plunging by a staggering 80% this week to just $496 million. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This was accompanied by a sharp decline in ETF trading volume, which fell to $18.7 billion.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Bitcoin\u2019s spot market sentiment is also showing signs of weakening. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Relative Strength Index (RSI)\u2014a popular technical indicator used to measure whether an asset is overbought or oversold\u2014has been retreating sharply, underscoring a move away from previously overbought levels. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Taken together, these signals point to a clear, albeit perhaps temporary, institutional withdrawal from the market, raising questions about the potential for further downside.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A tense derivatives market: hedging and profit-taking on the rise<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Trading firm QCP Capital has noted similar tensions in the derivatives market. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While funding rates for perpetual futures remain elevated at above 15%, suggesting that some traders are still maintaining aggressive long positions, recent flows indicate that large, sophisticated players are actively taking profits and hedging against potential downside.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">QCP, in its recent note, pointed out that a major ETH call fly (a complex options strategy) was recently unwound, while sizeable BTC put options were bought for protection.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\"> This is not the kind of market activity that typically supports a fresh leg up in a rally.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Despite these cautionary signals, QCP remains broadly constructive on the market\u2019s outlook. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cMomentum, narrative strength, and macro tailwinds are still on our side,\u201d the firm wrote in a recent update. \u201cHodlers and institutions will likely buy the dip, as we saw on Friday.\u201d<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Ethereum litmus test: consolidation, capitulation, or the next leg up?<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Market maker Enflux, however, isn\u2019t sounding the alarm just yet. The firm views the current market conditions as a period of healthy consolidation, not a sign of impending capitulation. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">They note that spot and perpetual futures markets are essentially treading water, not bleeding out.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The key to what comes next, according to Enflux, lies with Ethereum. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cHow institutional ETH flows evolve, and whether capital re-engages with alts, would likely guide the next leg of market structure,\u201d the firm said in a note to CoinDesk.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Ethereum now finds itself at the center of these diverging perspectives. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">If institutional investors, who have been stepping back from Bitcoin, decide to rotate their capital back into the crypto market through ETH, it could reignite the altcoin cycle and lift the entire market. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">If not, this period of consolidation could harden into something more prolonged and painful.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">For now, the rally has paused. Glassnode sees fragility in the current market structure. Enflux sees neutrality. QCP sees a hedged optimism. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">But all seem to agree that the next major breakout\u2014or breakdown\u2014will likely be sparked by how capital flows into and out of Ethereum materialize in the coming days and weeks.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Broader market snapshot<\/span><\/h2>\n<ul class=\"ng-star-inserted\">\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">BTC:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0Bitcoin is trading at $118,000, consolidating between channel support at $114,000 and resistance near its all-time high of $123,000. <\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A recent liquidity sweep below $116,000 and renewed supply from a reactivated whale wallet have stalled its bullish momentum, according to CoinDesk\u2019s market insights bot.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">ETH:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0Ethereum is trading at $3,783, holding a bullish inverse head-and-shoulders pattern that technically targets the $4,300 level. <\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, neutral funding rates near multi-year resistance suggest trader caution, even as institutional accumulation continues.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Gold:<\/span><\/strong><span class=\"ng-star-inserted\"> Gold fell to a near three-week low, with spot prices down 0.7% to $3,313.57. <\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A recent US-EU trade deal has boosted risk sentiment and temporarily reduced the demand for safe-haven assets ahead of a busy week for corporate earnings and a key US Federal Reserve meeting.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Nikkei 225:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0Asian markets opened lower, with Japan\u2019s Nikkei 225 down 0.61% as traders adopted a wait-and-see mode to determine if more regional trade deals can be struck.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">S&amp;P 500:<\/span><\/strong><span class=\"ng-star-inserted\"> The S&amp;P 500 ended Monday\u2019s session nearly flat, as the positive news of a US-EU trade deal failed to ignite a significant new rally in U.S. equities.<\/span><\/p>\n<\/li>\n<\/ul>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-consolidates-below-120k-analysts-say-ethereum-flows-will-guide-next-market-move\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The crypto rally has stalled, with Bitcoin struggling to challenge the $120K level as institutional investors take profit. Institutional ETF inflows into Bitcoin have plunged by 80% this week to just $496 million, a sign of cooling demand. Market focus is [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":56739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56738"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56738"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56739"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}