Bitcoin (BTC) price recently surged to a new all-time high, reaching $113,787 on July 10 as bullish momentum gripped the market. However, some analysts have flagged signs of short-term weakness despite the breakout.
While the long-term trend remains intact, cooling momentum on Binance could trigger a near-term pullback. Profit booking remains a threat for Bitcoin as the token continues to break records.
Bitcoin Market Absorption Risks Emerge as Analysts Flag Caution
Analysts at CryptoQuant have flagged early signs of absorption in Bitcoin markets, suggesting that bullish momentum may be losing steam.
In a post this week, BorisVest pointed to a noticeable spike in buy-side volume on Binance, followed immediately by an equally aggressive rise in sell volume. The failure of prices to react significantly to those inflows raised a red flag: large buyers may have been absorbed by passive sellers.
The analyst also highlighted a rise in open interest during the spike and a sharp flip in funding rates into positive territory. This dynamic, often associated with short squeezes, contributed to the latest rally. However, the lack of follow-through in price action hints that the move may have exhausted itself, at least in the short term.
BorisVest stopped short of calling for a reversal but warned that a temporary pause or pullback could be on the table if current demand fails to regain momentum.
Darkfost, another CryptoQuant contributor, took a broader on-chain view. He noted that BTC inflows to Binance have collapsed to levels not seen this cycle, falling below 5,300 BTC per day.
That suggests long-term holders are reluctant to sell, even as BTC prices trade near record highs. This dynamic usually strengthens the bullish case but also creates a vacuum of liquidity on the sell side. It makes short-term reversals sharper if demand wavers.
These observations align with a technical post on TradingView, which identified $115,700 as the next major resistance. This is provided Bitcoin holds above $107,000. A breakdown below that threshold would threaten the current structure and extend losses below six figures. As it stands, the market remains biased to the upside. Any weakness around $107,000 could open the door to deeper retracement.
Remixpoint Treasury Allocation Underscores Accumulation Trend
While analysts remain focused on short-term risks around key technical levels, fresh signs of long-term accumulation are emerging—this time from outside the usual trading flows.
Japanese firm Remixpoint has allocated roughly $215 million toward Bitcoin in a strategic treasury expansion move. This move allows the firm to become one of the latest corporations to pivot toward crypto-backed reserves. The capital was raised through a third-party share issuance and will be used to purchase Bitcoin as a long-term balance sheet asset.
While the firm has not disclosed a specific entry price, the timing suggests growing corporate interest in BTC even as it trades near record highs.
The announcement adds another layer to the structural bullish case that continues to build quietly underneath the market.
Meanwhile, X-based analyst ManLy shared a post showing large holders accumulating again. Analyst ManLy pointed to a surge in new whale wallets. He noted that the price has remained flat during this accumulation phase. That pattern is consistent with distributional calm ahead of directional breakouts but also reinforces the current consolidation range.
What stands out is the divergence between surface-level volatility and deeper structural positioning. With inflows to exchanges falling and corporate treasuries stepping in, the foundation for Bitcoin’s next leg higher is being quietly reinforced. However, buyers must defend the $107,000 zone convincingly for that next move to materialize.
Until then, the broader setup remains bullish, but the short-term tape still demands caution.