Bitcoin Slightly Slips On Profit-Making Sale

BTC Surges in the Morning Due to Strong U.S. Employment Indicators
BTC Down On The Afternoon Sell-off...Altcoin Drops As Much As Risen
Experts "BTC Proceeds Differently From Past On Institutional Buying"

Bitcoin(BTC), which exceeded $110,000 on the afternoon of Jul. 4, fell slightly due to the sale of profit-taking.

Bitcoin surpassed $110,000 in the late afternoon of the 3rd on the news of strong U.S. employment indicators and President Trump's budget passed the U.S. Congress.

However, since then, profit-taking selling, especially altcoins, have returned the morning rebound intact. Altcoins recorded an average fall of more than 3% in the afternoon, including Bitcoin's fall to $108,000.

◇Bitcoin = Bitcoin price is $108,885 at 4:30 p.m. on Jul. 4, 2025. The Bitcoin share(dominance) was 65.43%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 32.21% and 67.79%, according to the on-chain analytics platform Sigbtc.

Experts pointed out that Bitcoin's dynamics are turning to institutional investors, which is evidence that Bitcoin will flow in a different direction than in the past.

Bloomberg, citing 10x Research, said about 500,000 Bitcoin were sold over the past year and institutional investors bought them. In fact, institutional investors are estimated to control about a quarter of the world's Bitcoin.

"Under the water, institutions have increased their buying and long-sleeping whales have reduced their positions," Bloomberg said. "This shift is gradually changing Bitcoin's identity from a risky but high-potential 'high-octane trade' transaction to a distribution that is slowly exhausted."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 3 was Strike(STRIKE), up about 34% on the day alone.

Strike is a distributed short-term financial market platform project that allows users to borrow and supply cryptocurrencies on the Ethereum blockchain without intermediaries. In other words, it is an Ethereum-based Defi project. Strike tokens are used for governance authority or compensation within the platform and are especially paid as compensation to those who lend money.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 73 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be careful about selling the products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 54.6, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr