📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
#Content Mining & Earn Rich Commission# #BTC# #ETH# #PI# Here’s the latest BTC price snapshot:
---
✅ Bullish Signals for Bitcoin Right Now
1. Massive ETF Inflows Fueling Momentum
US spot Bitcoin ETFs have seen multi-billion-dollar inflows, especially on 29 July when prices spiked ~3% and active addresses surged ~15% during the same window — a clear indicator of institutional demand and bullish sentiment .
2. On‑Chain Supply Tightening
BTC reserves on exchanges have declined sharply from 3.25M to 2.55M coins—levels not seen since 2017—implying more holders are HODLing or moving to cold storage. Tighter supply coupled with steady institutional buying tends to drive prices upward .
3. Technical Indicators Favor Upward Bias
RSI is near 66.5 and ADX is around 44, both pointing to building bullish momentum; price trades above key pivot (~$118,750), supporting continuation .
TipRanks technical ratings strongly favor a Strong Buy across multiple moving averages like the 20-, 50-, 100-, and 200-day MA .
Londinia’s AI flags daily bullish signals: price crossover of MA, momentum indicator above zero, and Williams %R breaking above –50 .
4. Institutional Resilience Despite High-Volume Sales
A large $9 billion BTC sale (≈80k BTC) had minimal price impact, showcasing how deep, institutional-grade liquidity is now capable of absorbing heavy sell-offs. This maturity suggests continued strength in demand for BTC .
---
🔍 Interpretation & Outlook
All signs currently point toward Bitcoin entering or sustaining a bullish phase:
Strong capital inflows from ETFs.
Lower exchange supply, indicating accumulation.
Positive technical structure, validated by multiple indicators.
Institutional robustness, absorbing major sell pressure.
🧠 Focus Ahead:
A break above $120K–$123K could open the path toward $135K in the short term based on previous consolidation patterns and analyst projections .
Maintain risk management: consider stop‑losses below recent support zones near $115K–$117K.
---
🎯 Key Takeaway
Today’s strongest bullish signal for BTC: Institutional ETF inflows and exchange supply drawdowns, backed by technical buy momentum across major indicators.
This alignment of on-chain, macro, and technical factors makes for a compelling bullish setup.
---
🌐 Additional Context & Related News