Bitcoin price hits new ATH near $114k but holders keep BTC off exchanges

  • Bitcoin price hit a record $113,923, driving altcoins higher.
  • Despite the new BTC peak, exchange reserves continue to plummet.
  • Investors’ reluctance to sell, despite the price spike, signals strong belief in Bitcoin’s future performance.

Bitcoin (BTC) surged to a new all-time high of $113,923, pushing the broader cryptocurrency market into fresh bullish momentum.

Yet, as BTC looks to rally further, analysts are saying the market is in no rush to cash in on the windfall, with holders choosing to keep their coins off exchanges to continue a trend seen over the past several months.

Notably, Bitcoin has rallied more than 98% in the past year and over 13% since its recent lows in June.

Bitcoin price chart on CoinMarketCap

However, while most coins have hit profit-taking turbulence, Bitcoin holders have shown a remarkable reluctance to move their coins back to exchanges, signaling a shift toward long-term storage and self-custody. Also bullish for BTC that could eye the $120k level next.

BTC on exchange drops despite Bitcoin spike to new ATH

Despite Bitcoin’s dramatic climb to its latest all-time high, which it set at $113,923 on Thursday, July 10, 2025, data from shows on exchange balances continue to slip.

Santiment reveals a significant decline in the amount of BTC held on exchanges, noting that over the past four months, a net drop of 315,830 Bitcoin has left exchanges.

This equates to a 21% reduction in net exchange balances, with the trend extending months back.

Indeed, exchange reserves for BTC are at lows last seen years ago.

A staggering 1.88 million BTC has moved away from exchanges since July 2020, indicating a 61% drop.

“Overall, the trend of coins staying off exchanges is a sign that the threat of sudden market plummets is more limited, and long-term investors are increasingly content to keep their coins safe in personal storage for the long run,” the platform posted on X.

This reduction suggests a potential supply shock, as less BTC availability on exchanges could limit sudden market dips, while helping prices edge higher.

Bitcoin exchange balances vs. price chart. Source: Santiment

Bitcoin holders not in a rush to sell

Santiment analysts’ bullish take aligns with insights from CryptoQuant, which noted on X that Bitcoin exchange reserves are at a seven-year low.

The values have dropped below 15% of the total supply for the first time since 2018. Like Santiment, CryptoQuant analysts see the scarcity as a bullish signal.

“Bitcoin hit an all-time high, but selling pressure is nowhere to be seen,” the platform wrote. “Exchange inflows dropped to just 18K BTC/day, the lowest since 2015…That’s a 78% decline from the $100K breakout in November. Holders aren’t rushing to sell.”

As the analysts explain, the reluctance to return BTC to exchanges reflects a bullish trend and a growing preference for personal storage.

This behavior is particularly pronounced among long-term holders, who appear content to hold their assets offline.

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XRP price targets breakout above $3 as BTC hits fresh ATH

  • XRP price has gained 5% to hit $2.50, its highest level in nearly two months.
  • Ripple’s token appears poised to challenge its 2025 high of $3.40.
  • A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10.

Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718.

Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels. Amid this bullish wave, XRP broke to $2.5, reaching its highest level since May 2023.

This uptick, bolstered by fundamental developments and Ripple CEO Brad Garlinghouse’s recent Senate testimony, has sparked speculation about a potential breakout above $3, with analysts eyeing a new all-time high for XRP.

XRP price: bulls reach $2.5

XRP has surged to $2.50, marking a 5% increase in the last 24 hours and a nearly 11% gain in the past week. The altcoin’s upward momentum saw it reach its highest price since May 2023, when it traded above $2.58.

Gains on the day come as the broader cryptocurrency market rides a fresh wave of bullish sentiment. As noted, Bitcoin’s new peak above $113k has seemingly set the tone for altcoin rallies.

ETH and SOL have posted gains of 5% to 6%, while BNB is looking to follow suit with a 2% uptick in the last 24 hours.

XRP chart on CoinMarketCap

Ripple’s strategic advancements, including its application for a US banking license and a partnership with BNY Mellon to custody Ripple’s USD-backed stablecoin, RLUSD, have buoyed XRP price.

Additionally, Garlinghouse’s testimony before the US Senate Banking Committee on July 9, 2025, where he emphasized regulatory clarity for digital assets, has reinforced XRP’s position as a major crypto market player.

Ripple price prediction: Is XRP set for new all-time high?

As altcoins stack gains, analysts are increasingly optimistic about an altseason.

XRP’s trajectory, with derivatives markets signaling strong bullish momentum and key fundamental milestones, could rally hard.

According to Coinglass, XRP’s futures open interest has surged to $5.89 billion, up 6%. Growing investor confidence and speculative bets on further price increases have also seen the derivatives volume surge over 27% to $9.84 billion.

On the technical front, XRP’s chart shows promising signals.

XRP Price
XRP chart by TradingView

The daily chart shows the Relative Strength Index (RSI) at 69, indicating strong buying pressure.

While it is upsloping, the RSI has not pierced into the overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover, suggesting upward momentum.

If upside strength holds, a break to resistance at $2.70 will bring $3.00 into play. The all-time high of $3.84 will be the next target. On the flipside, the critical support area is at $2.29 and $2.10.

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