Bitcoin’s Bumpy Ride: 40,000 BTC Takes a Tumble 🚀💰

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So, Bitcoin was chilling at its all-time high, you know, just lounging around the $123,000 mark like it owned the place. But then, like a bad Tinder date, it decided to take a little stroll out of its comfort zone. Over the last week, our dear friend BTC was mostly hanging out between $117,000 and $120,000, trying really hard to stay above $119,000. Spoiler alert: it didn’t work out so well. 💔

On Friday, July 25, Bitcoin took a nosedive to a new weekly low, just above $115,000. And you thought your Friday was bad! 🙄

Is BTC About to Take a Holiday From Our Portfolios? 🏖️💼

In a Quicktake post on CryptoQuant, the mysterious and witty analyst Caueconomy dropped some serious tea. It turns out, cryptocurrency exchanges were having a field day—literally. On Friday, 40,000 BTC made its grand entrance onto these centralized platforms. Talk about a party crasher! 🎉

This little nugget of info comes from the Bitcoin Exchange Inflow – Spent Output Value Bands, a fancy metric that tracks how much Bitcoin is flowing into exchanges. It’s like a VIP list for crypto, showing who’s making the biggest moves.

And guess what? The chart doesn’t lie. There were some major spikes in the past day, thanks to big players like Galaxy Digital, who moved 32,448 BTC (worth over $3.7 billion). A hefty chunk of that (22,700 BTC) ended up on exchanges. It’s like they’re saying, “Thanks, but no thanks” to holding onto their coins. 🤷‍♀️

Caueconomy pointed out that OTC desks have been getting in on the action too, hitting those order books hard. So, what does this mean for the rest of us? Well, when a bunch of crypto gets sent to exchanges, it usually means someone’s ready to cash out. It’s the digital equivalent of selling your stocks before the market crashes. 📉

But don’t panic just yet! Caueconomy reminded us that Bitcoin is still comfortably above the $110,000 mark. So, while the short-term outlook might be a bit gloomy, the overall trend still looks promising. It’s like when you spill coffee on your favorite shirt—it’s a bummer, but you’ve got plenty of other shirts in the closet. 🗑️👕

Bitcoin Price: A Quick Glance 🕵️‍♂️📊

As of right now, BTC is sitting pretty at around $117,346, down about 0.2% in the past 24 hours. If you look at the bigger picture, it’s down nearly 1% over the past week, according to CoinGecko. But hey, even the best of us have off days. 😴

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2025-07-26 18:43