Bitcoin News Today: Bitcoin Stabilizes Above $115,000 Amid $44.5B Open Interest, Institutional Demand

Bitcoin’s price has stabilized above $115,000, driven by robust institutional demand and on-chain activity that underscores the level as a critical support zone [1]. This resilience follows a volatile period marked by significant liquidations and shifting speculative momentum. On July 24, the cryptocurrency briefly surged to $119,500 before retreating to the $115,000 threshold, where it has since consolidated. The move reflects a tug-of-war between leveraged traders and institutional investors, with derivatives open interest peaking at $44.5 billion—the highest since early 2025—highlighting intense speculative positioning [2].

Analysts attribute the stability to Bitcoin’s Unspent Transaction Output (UTXO) distribution, which shows a notable gap between $110,000 and $115,000. This scarcity of large transactions in the range increases the likelihood of the price finding support within this bracket, as noted by on-chain analyst Burak Tamaç [2]. The dynamic suggests strong buy-side demand, particularly from institutional players, which has helped anchor the price despite a $390 million liquidation event during July 26 derivatives expiries [4].

Market psychology has further reinforced the $115,000 level as a psychological benchmark. Institutional confidence and retail participation have surged, with exchange-traded fund (ETF) inflows fueling a bullish cycle [2]. However, the price’s fluctuations between $115,000 and $117,000 in recent days highlight ongoing uncertainty. A $1.39 billion BTC token dump by Galaxy Digital into exchanges in mid-July exacerbated short-term volatility, pushing Bitcoin to a low of $115,002—a 6% decline from its July peak—before it rebounded to defend the critical level [5].

The stability of Bitcoin above $115,000 has broader implications for market sentiment. Historical parallels to past price milestones, such as the $120,000 level, suggest that maintaining support in this range could signal a new market cycle. Analysts like Riya Sehgal of Delta Exchange note that the $115,000 level represents a delicate equilibrium between speculative fervor and caution, particularly as macroeconomic uncertainties persist [1]. Meanwhile, the diminishing influence of the crypto four-year cycle and the Bitcoin halving event indicates that traditional drivers of price trends are no longer as impactful [6].

Looking ahead, Bitcoin’s ability to sustain above $115,000 will hinge on resolving liquidity imbalances and stabilizing trader sentiment. While historical data suggests optimism for long-term prospects, near-term volatility remains likely as positions are recalibrated. The interplay between institutional inflows, leveraged liquidations, and macroeconomic factors will likely dictate the next phase of Bitcoin’s price action.

Source:

[1] [Crypto Price Today: Bitcoin Slips Below $116000 Amid Liquidations](https://m.economictimes.com/markets/cryptocurrency/crypto-news-today-bitcoin-slips-below-116000-amid-liquidations-solana-xrp-fall-up-to-5/articleshow/122902943.cms)

[2] [Bitcoin Maintains $117K as Derivatives Open Interest Hits $44.5B](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-maintains-117k-derivatives-open-interest-hits-44-5b-etfs-fuel-bull-cycle-2507/)

[4] [Bitcoin Falls Below $115K as $390M Liquidations Test Support](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-115k-390m-liquidations-test-support-7-drop-peak-2507/)

[5] [Bitcoin Falls To $115000 As Galaxy Digital Dumps $1.39 Billion BTC Tokens](https://blockchainreporter.net/bitcoin-falls-to-115000-as-galaxy-digital-dumps-1-39-billion-btc-tokens-to-exchanges/)

[6] [Crypto Markets’ Four-Year Cycle is ‘Dead’](https://www.fxstreet.com/cryptocurrencies/news/crypto-markets-four-year-cycle-is-dead-bitcoin-halving-losing-importance-bitwise-executive-202507252018)