{"id":36955,"date":"2025-07-15T11:16:57","date_gmt":"2025-07-15T11:16:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36955"},"modified":"2025-07-15T11:16:57","modified_gmt":"2025-07-15T11:16:57","slug":"bitcoin-dips-below-117000-what-on-chain-data-reveals-about-the-next-big-price-shift","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36955","title":{"rendered":"Bitcoin Dips Below $117,000: What On-Chain Data Reveals About The Next Big Price Shift"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) is down nearly 5% from its all-time high of $122,838, trading at $116,880 as of Tuesday morning European time, as the <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46388685\/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3\">broader crypto market pauses<\/a> ahead of key macroeconomic data and reacts to a spike in large-scale on-chain activity. <\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) has also dipped, down 2.5% to around $2,980.<\/p>\n<p><strong>What Experts Are Saying: <\/strong>Speaking with Benzinga, analysts say the move is largely a correction following a rapid run-up, compounded by heightened uncertainty around U.S. inflation data and growing signs of profit-taking by major holders.<\/p>\n<p>&#8220;It&#8217;s expected that after a large run, some correction is likely, especially following an uninterrupted move from $108K to $122K,&#8221; said <strong>Nicolai Sondergaard<\/strong>, Research Analyst at <strong>Nansen<\/strong>. &#8220;We now see quite some heavy liquidation levels around $116.3K which is something to watch next as an immediate psychological level.&#8221;<\/p>\n<p>On-chain <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68750927d04021572872b1f1-As-Retail-Chases-New-Highs-Whales-Are-Preparing-to-Sell-on-Binance?utm_source=telegram&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=crazzyblockk\">data<\/a> from CryptoQuant confirms that whales\u2014large Bitcoin holders\u2014have begun repositioning.<\/p>\n<p>According to the firm, over 1,800 BTC were deposited onto <strong>Binance <\/strong>in a single day, with transactions over $1 million accounting for more than &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46411091\/bitcoin-dips-below-117000-what-on-chain-data-reveals-about-the-next-big-price-shift\" alt=\"Bitcoin\" dips below what on-chain data reveals about the next big price shift>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) is down nearly 5% from its all-time high of $122,838, trading at $116,880 as of Tuesday morning European time, as the broader crypto market pauses ahead of key macroeconomic data and reacts to a spike in large-scale on-chain activity. Ethereum (CRYPTO: ETH) has also dipped, down 2.5% to around $2,980. What Experts [&hellip;]<\/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-36955","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\/36955","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=36955"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36955\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}