{"id":36778,"date":"2025-07-14T13:17:05","date_gmt":"2025-07-14T13:17:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36778"},"modified":"2025-07-14T13:17:05","modified_gmt":"2025-07-14T13:17:05","slug":"is-this-the-last-dance-bitcoin-btc-smashes-another-ath-euphoria-looms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36778","title":{"rendered":"Is This The \u2018Last Dance?\u2019 Bitcoin (BTC) Smashes Another ATH, Euphoria Looms"},"content":{"rendered":"
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As July\u2019s third week opens, Bitcoin has set a fresh all-time high, touching $123,000. The world\u2019s largest cryptocurrency has recorded an impressive gain of approximately 13% in the past week alone.<\/p>\n

This market activity, along with a significant inflow of capital into spot Bitcoin ETFs, has sparked discussions about the possible onset of a market euphoria phase. However, on-chain indicators suggest a more layered picture.<\/p>\n

\u201cPrawns\u201d Stay Out as Bitcoin Hits $123K<\/h2>\n

Despite the recent price surge, CryptoQuant\u2019s proprietary \u201cGreed Indicator\u201d remains at mid-levels, which indicates<\/a> that broader retail participation has yet to materialize fully.<\/p>\n

The rHODL ratio, which is a gauge of long-term holder behavior and wealth distribution across investor groups, currently sits at 32%. This points to continued caution among retail participants, often referred to as \u201cprawns.\u201d Historically, genuine market euphoria phases have aligned with significant retail inflows, a condition that CryptoQuant believes is not yet clearly evident in the current cycle.<\/p>\n

Instead, the recent price momentum appears driven predominantly by institutional flows, while retail seems to have been sidelined as the rally extends. It is important to note that previous euphoric phases in the crypto market consistently followed mass retail entry after initial institutional-led rallies, which then led to parabolic price action.<\/p>\n

However, there are early signs of change, with the rHODL ratio beginning to rise in recent days. This uptick could signal the emergence of a retail-driven phase, which, in turn, could potentially set the stage for what some market observers refer to as \u201cthe last dance.\u201d For now, the market appears positioned at the edge of euphoria rather than in its full grip.<\/p>\n

Bitcoin Rally Faces No Panic Selling<\/h2>\n

Bitcoin\u2019s surge to a peak has not triggered<\/a> widespread panic selling, according to Spent Output Profit Ratio (SOPR) data. While SOPR briefly spiked around July 3-4, which indicated some profit-taking activity, it has remained consistently above 1 without sharp declines.<\/p>\n

It essentially means that while short-term holders are taking profits, the broader market is not rushing<\/a> to exit positions. The fact that profit-taking remains controlled signals a constructive environment for price discovery. This condition favors the ongoing bullish trend in the market.<\/p>\n

The post Is This The \u2018Last Dance?\u2019 Bitcoin (BTC) Smashes Another ATH, Euphoria Looms<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As July\u2019s third week opens, Bitcoin has set a fresh all-time high, touching $123,000. The world\u2019s largest cryptocurrency has recorded an impressive gain of approximately 13% in the past week alone. This market activity, along with a significant inflow of capital into spot Bitcoin ETFs, has sparked discussions about the possible onset of a market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36778","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36778"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36778\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}