July 20, 2025 | Crypto Markets Desk
Bitcoin (BTC) has recently seen a healthy pullback after reaching its all-time high of $122,850 earlier this month. The price retraced to the $117,000–$118,000 range, triggering mixed reactions across the market.
However, many top analysts are calling this a clear buying opportunity.
“Whenever Bitcoin sees a 5–10% drop from a new peak, historically it tends to bounce back even stronger,” says Jonathan Krinsky from BTIG. “This is not a breakdown — it’s a reset.”
📊 What’s Driving This Pullback?
- ETF Rebalancing: Several large institutional Bitcoin ETFs saw profit-taking and rebalancing, causing temporary sell pressure.
- Macroeconomic Concerns: Powell’s cautious tone on interest rate cuts led to a brief risk-off move in global markets.
- Technical Cool-Off: After a parabolic run from $105K to $123K, a cooling-off was expected.
🧠 Smart Money is Accumulating
Data from Santiment and Glassnode show increased wallet activity in the 1–10 BTC range, indicating “retail accumulation zones.” Meanwhile, whale wallets have remained stable or increased holdings.
🔮 Long-Term Outlook Still Bullish
- Analysts from Deutsche Bank project $200,000+ by late 2025 if current ETF flows continue.
- BBVA, one of Europe’s largest banks, recently advised high-net-worth clients to allocate up to 7% of portfolios to Bitcoin.
“Institutional adoption is no longer a theory — it’s happening. The pullback may be the last major discount of the year.” – CryptoQuant
📌 Verdict
This dip may be a blessing in disguise.
For long-term holders and tactical swing traders, current levels offer a strong entry point backed by fundamentals, on-chain data, and macro trends.