120k BTC bought on the dip if Bitcoin price hits $ 116k

Tl; Dr.

• About 120,000 BTC was purchased during the recovery from $ 112k to $ 114k, with the interest of the buyer.
• Long -term holders have held a profit of $ 44 million during the price bumper, which is careful to sell carefully.
• The liquidity growth of the US and the expectations of the speed can support altcoins if the current trends continue.

Buyers are near 112k

About 120,000 BTC was purchased when Bitcoin was found from $ 112,000 to $ 116,000 according to Glassnode. The purchase came when the market recovered, in which traders used the lower price range.

Even with that activity, the $ 110,000 to $ 116,000 zone still shows a low on-chain volume. The analysis company labeled this area as an air gap, where fewer coins have changed owner. Without buying, this zone can remain vulnerable if the price lingers in it.

~ 120K $ BTC were obtained during the rebound from $ 112k to $ 114k – proof of opportunistic buy. Nevertheless, the range remains scarce within the range of $ 110k – $ 116k, which means that a stronger accumulation is needed to form permanent support: https://t.co/1J8WJAFUBU pic.twitter.com/vl4ol3holg

– Glass junction (@glassnode) August 7, 2025

Whale locking winnings

Analyst Ali Martinez shared that long -term holders achieved around $ 44 million profit for two days. This movement stood in line with the recovery of Bitcoin to just above $ 114,000 after to act lower earlier in the week.

The graph in particular shows that the profit levels had been inconsistent until July. The sudden increase in the realized profit suggests that some holders decided to leave while the market showed strength in the short term.

At the time of the press, Bitcoin Held at around $ 116,100 after a movement of 1.2% in the last 24 hours. Sellers tried to push it lower, but buyers kept the price above the most important support. The Curret area remains as a resistance.

Bitcoin brings the recent price promotion into a tight reach. Buyers defend the lower zone around $ 112,000 while trying to break $ 116,000. A clear movement outside of this range can lead the next trend.

Market conditions and liquidity

Analyst noted That bitcoin responds to the global money supply, while Altcoins moves more of American liquidity. American money growth is now increasing by 1.09% year after year, the fastest rate since the third quarter of 2024.

The treasury is expected to issue more short -term debts. The Federal Reserve can also lower the interest rates two or three times before the end of the year. These factors can support a broader participation in Crypto, especially in Altcoins, if the circumstances remain on course.