Bitcoin News Today: Bitcoin Whale Deposits Drop 33% as $1.7 Billion Stablecoin Inflows Fuel Bullish Momentum

Bitcoin has shown bullish potential as whale deposits have dropped by $2.25 billion, stablecoin inflows have hit $1.7 billion, and the Short-Term Holder (STH) MVRV remains low. Despite weak sentiment, on-chain metrics support further upside toward $136K. Bitcoin’s STH MVRV was well below the historic 1.35 threshold, at 1.15, suggesting unrealized profits are still modest. Historically, BTC has room to rally by 20%–25% before major selling kicks in at elevated MVRV levels. This could provide a bullish window for short-term momentum, with the market remaining cautiously optimistic and price action supported by low STH profit-taking risk in the immediate term.

Binance’s whale-to-exchange flow chart reveals a $2.25 billion drop in deposits, falling from 6.75 billion to just 4.5 billion in thirty days. This steep decline reflects reduced selling pressure among major holders, who appear more inclined to hold rather than liquidate. Historically, a sharp retreat in whale deposits has preceded bullish price movement. Therefore, the current trend supports a more favorable short-term outlook. With large players stepping back from selling, retail traders could gain confidence to drive prices upward, assuming accumulation sustains.

Over $1.7 billion in stablecoins flowed into Binance and HTX within 24 hours on the 16th of July, with Binance recording $895 million and HTX adding $819 million. Such synchronized inflows typically reflect planned capital deployment by institutions or large entities preparing to buy crypto assets. When paired with reduced whale deposits, this trend signals strong buying interest and reduced selling intent. Therefore, this capital movement may mark the beginning of strategic accumulation, often preceding major rallies, especially when it coincides with improving macro or on-chain dynamics.

Bitcoin’s Coin Days Destroyed (CDD) metric saw a modest 2.35% increase to 34.45 million, pointing to limited activity among older coins. Although there is slight movement, the lack of a major spike in CDD suggests long-term holders remain inactive. Therefore, the supply side remains tight, creating a favorable setup for price appreciation. This restrained behavior reinforces the bullish undertone, especially when combined with falling whale deposits and fresh capital inflows from stablecoins. For now, older supply appears to be firmly locked away.

As of writing, Weighted Sentiment remained negative at -0.226, while Social Dominance fell to 26% after recent highs above 35%. This divergence suggests that despite improving fundamentals, retail interest is cooling. Therefore, the market could be approaching a phase of disbelief, where price rallies unfold without widespread retail support. This dynamic is common in the early stages of bull cycles. While sentiment may lag, the combination of on-chain strength, dormant supply, and capital inflows could eventually drive renewed confidence if BTC maintains its current trend.

Despite weak sentiment, strong on-chain signals suggest BTC has room for more upside. Falling whale deposits, rising stablecoin inflows, and a non-threatening STH MVRV all support further gains. Therefore, BTC could continue climbing until profit-taking zones emerge above the 1.35 MVRV mark.