Bitcoin Price Correction Today: Analysis and Impact on Crypto Market July 2025

Jakarta, Pintu News – Bitcoin (BTC) experienced a sharp decline on Tuesday after hitting a new record high of $123,091. Within 24 hours, the price of Bitcoin fell by 4.73% to $116,800. The drop came as short-term traders started to secure their profits. The drop is a moment of pause in what has been a strong rally throughout July.

Long-Dormant Bitcoin Wallet Activity Adds Pressure

Data from Lookonchain shows that a long-dormant Bitcoin wallet containing 80,009 BTC, worth approximately $9.46 billion, has sent 7,843 BTC (approximately $927 million) to Galaxy Digital. In total, 16,843 BTC worth nearly $2 billion has left the wallet. On Tuesday, Galaxy Digital transferred 2,000 BTC, worth $236 million, to Binance and Bybit, which increased the available supply on the exchanges.

Also Read: Bitcoin Price Has Skyrocketed, Here Are 5 Tips to Choose a Safe and Reliable Crypto Exchange!

Traders Keep an Eye on Inflation and Geopolitical Data

Traders have been paying attention to the upcoming US inflation report next week. The Consumer Price Index is expected to increase by 2.6% year-on-year. If the rate is lower than expected, this could boost cryptocurrency prices as it would reduce pressure on the Federal Reserve to keep interest rates high, which often favors risky assets.

Political news also affected market sentiment. US President Donald Trump’s announcement of 100% tariffs on Russian imports triggered a cautious response from the market. This helped trigger a drawdown in crypto trading, with investors taking a step back in uncertainty.

Future Prospects of the Crypto Market

With various factors affecting the market, including long dormant wallet activity and geopolitical uncertainty, investors and traders are expected to remain vigilant. These volatile market conditions show the importance of in-depth analysis and a solid understanding of the factors affecting crypto prices.

Also Read: Bitcoin Price Breaks ATH, 5 Smart Investment Strategies to Deal with Market Volatility

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News Flash. Bitcoin and Crypto Market Dropping Today. Accessed on July 17, 2025