Bitcoin Price Holds $108K as ETF Inflows and Corporate Buys Offset Tariff Jitters

Bitcoin Price Faces Resistance But Support Builds Near $108,000

BTC-USD Shows Resilience Amid Macro and Technical Friction

Bitcoin (BTC-USD) continues to struggle near the key $110,000–$111,000 resistance zone, with recent sessions showing repeated rejection at $110,600 and strong overhead resistance at $111,980. Despite this, the digital asset has held its ground around $108,000, with the latest print at $108,071.64, reflecting a 0.93% daily loss but highlighting strong base formation.

Institutional Accumulation Grows: Metaplanet and Murano Double Down

Japanese firm Metaplanet recently bought an additional 2,205 BTC for $239 million, increasing its total to 15,555 BTC, aiming for 210,000 BTC by 2027 — equivalent to 1% of total supply, or $23 billion at today’s price. Meanwhile, Nasdaq-listed Murano Global Investments disclosed its 21 BTC purchase and secured a $500M standby equity line to further build its treasury. These strategic moves mirror Michael Saylor’s Strategy, which holds 597,000 BTC (worth over $65 billion) and trades at a $112B valuation.

Technical Structure: Bollinger Squeeze Hints at Impending Breakout

On the 4-hour chart, BTC is in a Bollinger Band squeeze between support at $106,890 and resistance at $110,046. A breakout from this pattern is imminent. The RSI reads 47.97, signaling neutral-to-weak momentum. MACD remains mildly bullish with green histogram bars, though bulls need to reclaim $108,428 (20-SMA) for any upward traction. If $109,200 is cleared, BTC could surge past $111,000.

Support Zones Strengthen: IOMAP & EMA Back Bulls

The IOMAP indicator shows robust support between $107,209 and $110,041, with over 94.6% of addresses in profit — a rare signal that reduces sell pressure. The 50-day EMA near $105,276 coincides with the lower boundary of the critical demand zone. A drop below $107,600 could push BTC to this level, but strong buyer interest is likely to hold the line.

On-Chain Flows Reveal Mixed Sentiment

Santiment’s exchange balance chart shows a +217 BTC net inflow, a pivot from the prior outflows. Exchange reserves now stand at 2.4M BTC, the lowest in over three years, reflecting strong cold wallet movement and long-term holder confidence. The taker buy/sell ratio at 0.95 still favors sellers, but if this flips above 1.0, a breakout is likely.

ETFs and Treasury Moves Add Structural Demand

Bitcoin spot ETFs saw $216.6M in inflows on Monday alone, maintaining a 3-day streak of net demand. This trend supports medium-term price strength, especially as institutional flows stabilize. Murano’s entry into the "Bitcoin for Corporations" alliance (backed by Strategy) is another tailwind. Continued inflows could serve as the spark for a renewed move toward the $111,970 ATH.

Correlation with Ethereum and Solana Tightens

According to Alphractal, Ethereum (ETH) and Solana (SOL) have shown increasing correlation with BTC — SOL rising from 0.53 to 0.75. As altcoins consolidate around Bitcoin’s price trend, any rally above $111K would likely trigger upside for ETH and SOL as well. Meanwhile, over 1,400 altcoins have been delisted, boosting investor confidence in top-tier tokens.

Trump Tariffs and Ukraine Escalation Reignite Risk Aversion

Bitcoin’s recent consolidation follows heightened macro risks. President Trump’s new round of global tariffs, with an August 1 deadline, has sent tremors through risk assets. On Monday, BTC briefly dipped below $109,000 in response. Simultaneously, news of additional U.S. weapons shipments to Ukraine and growing BRICS tensions have shifted some investor flows to Gold (XAU), which rose over $300 in recent weeks.

Verdict: Bullish Bias Intact, Buy on Breakout Above $110,000

Despite macro headwinds and technical rejection at the $111K zone, BTC’s long-term structure remains constructive. With consistent ETF inflows, institutional treasury additions, and strong IOMAP support, Bitcoin is a Buy on breakout above $110,600. Until then, accumulation near $107K–$108K remains favorable for long-term positioning.

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