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    3. BTC liquidity battles continue with $140K target intact

    BTC liquidity battles continue with $140K target intact

    By: WEEX|2025/08/06 01:36:59
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    Key takeaways:

    • Bitcoin's consolidation stems from negative Binance taker volume and weak spot demand reflected in US/Korean premium indexes.
    • Despite sideways movement, BTC's defense of $115,000 with strong buyer absorption indicates bullish conviction for higher prices.

    Bitcoin failed to sustain momentum following its $123,100 all-time high last Monday, with Binance order flow showing notable retail selling pressure. Regional demand indicators paint a cautious picture:

    • US Market: The Coinbase Premium Index (tracking price differentials vs. global exchanges) stayed flat through July, suggesting US investors are either profit-taking or awaiting better entries despite BTC's rally.
    • Korean Market: The Korea Premium Index turned negative, indicating BTC now trades at a discount on local exchanges - a clear sign of persistent retail selling and waning trader enthusiasm.

    This divergence between weakening regional demand and strong institutional support at $115k creates the current consolidation environment.

    Bulls hold as Bitcoin remains in liquidity battle

    While recent data reveals some bearish sentiment, Bitcoin's ability to maintain support above $110,000-$115,000 remains a positive sign. Market analyst Boris Vest observes that the current trading range - with sellers being absorbed around $116,000 and buyers facing resistance near $120,000 - reflects a healthy, balanced market.

    Notably, despite significant selling pressure on Binance (evidenced by a -$4.1B CVD), buyers quickly responded with $2.3B in demand, demonstrating strong support at these levels. This resilience suggests bulls retain control as long as the mid-$110K zone holds. The extended consolidation period may actually strengthen the case for an eventual upside breakout.

    -- Price

    --

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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