July ended with Bitcoin notching its strongest monthly close ever, finishing at $115,644 even after a turbulent few weeks of heavy selling and shifting macro sentiment.
The achievement marks a major milestone for the 16-year-old asset, underscoring how much deeper the buyer base has grown in recent years.
Large transfers earlier in the month tested the market’s strength. Roughly 80,000 BTC linked to Galaxy Digital hit the market, briefly knocking prices down by about 4%. Yet the quick rebound to record highs suggested that demand from new and existing investors continues to absorb supply shocks. Analysts say this pattern reflects a more mature market where institutional and retail interest now form a strong safety net.
The momentum hasn’t erased near-term risks. Bitcoin slipped around 2% in early August as traders weighed fresh tariff plans from President Trump, shifting expectations around the Federal Reserve’s policy path, and a slowdown in spot ETF inflows. After weeks of strong buying in mid-July, those products saw outflows heading into month’s end, hinting at some profit-taking.
Still, strategists remain upbeat. Market researchers at LVRG argue that any pullbacks are likely to be temporary, while analysts like Rachael Lucas of BTC Markets see Bitcoin’s resilience as proof of its long-term staying power. “The willingness of buyers to step in during periods of stress shows that Bitcoin is now treated as a serious financial asset rather than a speculative play,” Lucas said.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-ends-july-at-record-high-despite-whale-pressure/