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120K BTC Bought on the Dip as Bitcoin Price Hits $116K
Aug 7, 2025
< 1 min read
by Olivia Stephanie
for CryptoPotato
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TL;DR
- Around 120,000 BTC were bought during the recovery from $112K to $114K, showing buyer interest.
- Long-term holders locked in $44 million profit during the price bounce, signaling cautious selling.
- US liquidity growth and rate cut expectations may support altcoins if current trends continue.
Buyers Enter Near 112K
Roughly 120,000 BTC were bought as Bitcoin recovered from $112,000 to $116,000, according to Glassnode. The buying came as the market rebounded, with traders taking advantage of the lower price range.
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