Bitcoin’s ‘boring’ phase can end with a big bang – here is why

Tl; Dr.

• Bitcoin acts sideways between $ 116.8k and $ 119.5k, swept with liquidity at both ends.
• Michaël van de Poppe expects a stronger movement as BTC Rangebound stays.
• Cryptoquant data show that Bitcoin is in a neutral phase without trend dominance.
• Signals on the chain mirror 2020 patterns, which will soon hint on a possible bull cycle end.

Price applies in a narrow tire

Bitcoin (BTC) cost $ 118,300 at the time of the press, a decrease of 0.2% during the week. Since a few weeks it moves actively without direction in a tight zone. Traders show caution for today’s FOMC interest rate.

Crypto analyst Michaël van de Poppe described the current pattern as ‘extremely boring’, pointing to the lack of decision or Momentum. Bitcoin has recorded between $ 116,800 and $ 119,500, without a clear step up or down.

His graph shows that liquidity has already been erased above and below this range. That often happens before a strong price movement.

He added that a break above $ 119,500 could open the way for a test of earlier highlights. If the price falls instead, the range from $ 110,000 to $ 112,000 can become an important area to look to buy.

Extremely boring reach in recent weeks #Bitcoin.

Still no outbreak, still no decision.

The longer we stay in the reach, the heavier the outbreak will be. pic.twitter.com/wlijaxfnhu

– Michaël van de Poppe (@Cryptomichnl) July 30, 2025

Markt does not show a clear trend

Axel Adler JR, an analyst at Cryptoquant, shared an update about Bitcoin’s wider market trend using a tool called the Bitcoin Heat Macro phase. It is currently 44%.

This number in particular reflects various market signals, including the sales activity of long-term holders, ETF inflow and overall demand. A higher number means that the market heats up. A lower suggests a quiet phase, often seen before prices rise.

Bitcoin Warmtemacro phase offers a single scalar value that reflects the current temperature of the Bitcoin market:

High values (closer to 50%) mean that most components (surplus value assessment, profit innovation activity, LTH sales pressure and ETF rating) are at the top … pic.twitter.com/ttbw0civjp

– Axel Adler JR (@axeladlerjr) July 30, 2025

With 44%, Adler explained that the market is in between.

“There is currently no pronounced dominance of bulls or bears,” said the analyst.

While taking a profit starts, it is still at a controlled pace.

Cooling in the short term continues

Another cryptoquant analyst, known as a crypto then, noted A small cooling period after a short wave of short -term activity. They looked at the amount of Bitcoin that was only held one day to a week and said the figures showed signs of short -term heat earlier this month.

Compared to the larger corrections that are seen in 2024 and early 2025, this phase seems smaller in both strength and length. The analyst also said that the recent price increase was not great, which could limit how deep or long a correction could be.

Crypto then suggested that traders may have to wait due to this cooling period before they see the next upward trend.

Long-term wallet activity shows a well-known pattern

On-Chain Analyst Joao Wedson noted That the number of Bitcoin portfolios is falling again by more than 10,000 BTC – just as it did during the Bullmarkt from 2020-2021. During that time the price continued to rise, even when large holders lowered their positions.

“The same pattern happens again,” said Wedson.

He also said that this could indicate the last part of the current bull market cycle.

“In my opinion this indicates that the BTC bull market will only have a few weeks left.” he said

This pattern is closely monitored, especially since the market continues to move within a narrow range.