{"id":57270,"date":"2025-08-07T04:14:30","date_gmt":"2025-08-07T04:14:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-hovers-at-115k-etf-flows-turn-negative-short-term-holder-profitability-drops\/"},"modified":"2025-08-07T04:14:30","modified_gmt":"2025-08-07T04:14:30","slug":"btc-hovers-at-115k-etf-flows-turn-negative-short-term-holder-profitability-drops","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-hovers-at-115k-etf-flows-turn-negative-short-term-holder-profitability-drops\/","title":{"rendered":"BTC hovers at $115K; ETF flows turn negative, short-term holder profitability drops"},"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\/07\/image51-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image51-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image51-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image51-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin (BTC) is trading in a low-liquidity \u201cair gap\u201d between $110K and $116K, according to Glassnode.<\/li>\n<li>The market is \u201cre-finding its footing\u201d after a post-all-time-high correction amidst low volume and weak conviction.<\/li>\n<li>Spot Bitcoin ETF flows recently turned negative, with a 1,500 BTC outflow marking the largest since April.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Bitcoin is treading water around the $115,000 mark on Thursday morning in Asia, up a modest 1% over the last 24 hours, as the inevitable correction following its recent all-time high continues to unfold amidst low trading volumes and a clear lack of market conviction. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Analysts are now closely watching a low-liquidity zone that could either serve as a new foundation for the next leg up or become a trapdoor for a deeper price drop.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" 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 decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">According to on-chain analytics firm Glassnode, Bitcoin has entered what it describes as an \u201cair gap\u201d\u2014a low-liquidity zone between $110,000 and $116,000. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This has occurred after the price broke down from a major supply cluster where short-term holders had previously found significant support. These \u201cair gaps\u201d are areas that typically see very little historical trading activity. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">They can either provide an opportunity for new buyers to accumulate positions and build a strong base, or, if demand fails to materialize, they can lead to sharp and swift moves to the downside.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe market is effectively re-finding its footing,\u201d the Glassnode analysts wrote, framing the range between $110,000 (the prior all-time high) and and 116,000 (the cost basis for recent buyers ) as the new critical battleground.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">They noted that while some opportunistic buying has emerged on there cent dip, with approximately 120,000 BTC acquired by new buyers, the price has yet to reclaim key resistance levels convincingly. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A particularly important threshold is the <\/span><span class=\"ng-star-inserted\">116,9K level, which marks the entry point for many recent short-term holders.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Cooling sentiment: ETF outflows and reduced leverage<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Several indicators point to a cooling of the bullish fervor that recently propelled Bitcoin to its record highs. Short-term holder profitability has dropped from a peak of 100% down to 70%. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While Glassnode frames this as a typical development for a bull market\u2019s mid-phase, they caution that without a fresh wave of capital inflows, this could quickly erode market sentiment.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Indeed, spot Bitcoin ETF flows have recently turned negative, with a 1,500 BTC outflow recorded earlier this week\u2014the largest single-day outflow since April. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">At the same time, funding rates in the derivatives market have cooled significantly, a sign of reduced leverage and a more cautious stance among speculative traders.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Market maker Enflux offered a similar take on the current environment. \u201cCrypto markets remain in a fragile holding pattern. Despite some relief in the altcoin space, majors like BTC and ETH are still struggling to inspire confidence,\u201d the firm wrote in a recent client note.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\"> \u201cThe broader trend? Heavy legs with more or less light volume.\u201d Enflux concluded, \u201cUntil BTC and ETH reclaim strength with volume, the path of least resistance could remain sideways to down.\u201d<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The market\u2019s next significant move now likely hinges on whether a new cohort of buyers is willing to step in and build a solid support base within this low-volume \u201cair gap,\u201d or whether another flush down towards the $110,000 level is needed to fully reset the trend. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">For now, traders remain cautious, and the bulls are yet to prove they have regained control.<\/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\">\u00a0While the market navigates this \u201cair gap,\u201d some observers are pointing to a potential, longer-term Bitcoin supply shock. <\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This is being driven by reportedly drying up reserves on Over-The-Counter (OTC) desks and steady corporate accumulation, a combination that could \u201cuncork\u201d a major price move after a potential dip below $110,000.<\/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 (ETH) is up 2% in the last 24 hours, trading just below the $3,600 mark. The CoinDesk 20 Index, which tracks a broad basket of crypto assets, gained 1.69% to 3,815.22.<\/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\">\u00a0Gold\u2019s recent rally stalled on Wednesday as traders took profits. The market is currently weighing rising odds of a Federal Reserve rate cut against ongoing U.S. trade tensions and a looming Fed leadership shakeup. <\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This has left prices flat after a three-day gain that was driven by signs of economic weakness. Spot gold last traded at $3,372.11, down 0.24% on the day.<\/span><\/p>\n<\/li>\n<\/ul>\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\/btc-hovers-at-115k-etf-flows-turn-negative-short-term-holder-profitability-drops\/\">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 ) Bitcoin (BTC) is trading in a low-liquidity \u201cair gap\u201d between $110K and $116K, according to Glassnode. The market is \u201cre-finding its footing\u201d after a post-all-time-high correction amidst low volume and weak conviction. Spot Bitcoin ETF flows recently turned negative, with a [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":57271,"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\/57270"}],"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=57270"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57270\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57271"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}