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Bitcoin slips after record highs on profit-taking

Frank Walbaum

07/10/2025
7 Ekim 2025

Today’s markets analysis on behalf of Frank Walbaum Market Analyst at Naga

 Bitcoin eased on Tuesday, hitting USD 123,500 and snapping a multi-day winning streak after touching fresh record highs above USD 126,000 on Monday. The retreat comes as traders locked in profits, with short-term liquidations pointing to selling pressure concentrated on long positions.

Still, institutional appetite remains robust. US spot Bitcoin ETFs attracted USD 1.19 billion on Monday, one of the strongest daily inflows in weeks, underscoring continued investor demand even as prices rebound.

Corporate adoption also continues to broaden. Japanese real estate technology firm Lib Work confirmed its first Bitcoin purchase in September, acquiring nearly 30 BTC as part of a long-term digital asset strategy.

Meanwhile, in Washington, Senator Cynthia Lummis said the Strategic Bitcoin Reserve could move forward with purchases “anytime now,” noting that only legislative procedures remain as hurdles. Such developments could pave the way for Bitcoin to maintain its overall bullish trend.

 

Zaid Barem / ymm

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