- Bitcoin ETF inflows surge over 10,900 BTC in two days, signaling strong institutional demand.
- BTC price hits $118K with RSI near 70, hinting at potential short-term correction.
- Liquidations exceed $68M as traders react to BTC volatility and momentum indicators.
Bitcoin continues to impress investors and analysts alike as it pushes through key resistance levels with increasing strength. On Tuesday, the flagship cryptocurrency saw aggressive institutional buying, even after Monday’s massive inflow to U.S. spot Bitcoin ETFs.
According to data from Glassnode, over 7,500 BTC entered ETFs on Monday one of the largest single-day inflows in three months. Surprisingly, institutions followed up with another 3,400 BTC on Tuesday, showing unwavering confidence. This behavior comes despite rising technical indicators suggesting a near-term cooldown, making Bitcoin’s current market structure particularly noteworthy.
Monday saw one of the largest daily inflows to US spot #Bitcoin ETFs in the past 3 months (+7.5K $BTC). But what stands out is Tuesday’s response: institutions didn’t flinch – they doubled down, adding another +3.4K $BTC. Outflows remained near zero across the board. pic.twitter.com/PO1vaffWqH
— glassnode (@glassnode) July 16, 2025
Institutional Confidence Grows Amid Reduced Volatility
This sharp increase in ETF inflows reflects growing institutional conviction. What’s remarkable is that outflows across platforms stayed close to zero. Institutions are clearly not taking profits. Instead, they’re adding more exposure to Bitcoin, despite its recent price rally.
Renowned analyst Michaël van de Poppe points to strong market structure, describing Bitcoin as “absolutely wonderful.” He expects volatility to subside in the coming days, which may allow for strategic accumulation.
Notably, Bitcoin’s price surged past the $105,797 mark, triggering a liquidity grab before climbing toward higher resistance. Van de Poppe sees a potential pullback to $110,545 as an ideal entry point for new positions.
#Bitcoin looks absolutely wonderful.
— Michaël van de Poppe (@CryptoMichNL) July 16, 2025
Volatility should slowly die down in the coming days, through which a test at the lows is an ideal spot to buy from.
In the meantime; #Altcoins start to show their first strength. pic.twitter.com/kgAoV52zyN
Technical Indicators Show Momentum, Caution Signs
As of press time, Bitcoin trades at $118,449, posting a 1.40% gain in the last 24 hours and an 8.90% increase over the past week. The market cap now stands above $2.35 trillion, with a 24-hour trading volume exceeding $59 billion.
The MACD indicator continues to show a bullish crossover, with the MACD line positioned above the signal line. This signals growing momentum. Additionally, the RSI has climbed to 69.26, inching closer to the overbought threshold of 70. This suggests a potential pullback, but no immediate reversal.
Meanwhile, liquidation data reveals intense market activity. Over $68 million in positions were liquidated in the past 24 hours. Most of these came from perpetual contracts, particularly on Binance and Bybit. Longs accounted for $36.3 million of the liquidations, while shorts made up $32.1 million, indicating aggressive movement on both sides.
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