Is Price Of Bitcoin Near $150,000 Breakout As Net Absorption Tightens?

Bitcoin net absorption by smaller investors hit 19,300 BTC in July 2025, which notably far outpaced the 13,400 BTC issued by miners. The resulting supply squeeze has led some market watchers to suggest a breakout for price of Bitcoin may be near.

As it stands, many market observers are positioning for targets reaching up to $150,000.

Smaller Holders Take in More Bitcoin USD Than Miners Produce

It is worth mentioning that Glassnode data shows that in mid-July 2025, Bitcoin’s supply flow had shifted.

As revealed, wallets holding less than 100 BTC, often referred to as Shrimps, Crabs, and Fish, took in about 19,300 BTC over the month.

This group’s total absorption was higher than the number of new coins created through mining, which stood at around 13,400 BTC.

The figures, shared by analytics platform Glassnode, suggest that smaller investors are buying up more Bitcoin than miners are supplying.

This has led to a net monthly absorption of roughly 6,000 Bitcoin USD, tightening available supply.

Exchanges also showed lower liquidity. There was less Bitcoin available for sale, and analysts said order books appeared thin.

This could mean prices would react more sharply if demand rises.

On the institutional side, demand remained steady. Spot Bitcoin ETFs in the U.S. saw two strong days of inflows.

Data from Farside showed $1.17 billion came in on July 10, with another $1.03 billion recorded on July 11.

It was the first time the funds had seen back-to-back billion-dollar days since their launch in January 2024.

This trend added to the pressure on supply. ETFs were absorbing new Bitcoin USD at a pace that exceeded the number of coins being mined.

Some investors and analysts took this as a sign that a market move might be forming in the Bitcoin market.

Strategy, Michael Saylor, and Ongoing BTC Price Projections

Michael Saylor, the executive chairman of Strategy Inc., also spoke about Bitcoin’s outlook in a recent Bloomberg interview.

He said the current cycle was different from past bull markets and repeated his belief that the BTC price could eventually reach $1 million.

Saylor noted that his company had gained a 19.7% return on its Bitcoin holdings since the start of 2025.

Strategy acquired 88,062 BTC during that time, bringing its total to 597,325 BTC by mid-year.

Based on recent prices, those assets were worth about $10.3 billion. His comments came at a time when others were also talking about possible future price levels.

Some suggested the Bitcoin price could climb to $150,000 if current trends continued. This included both institutional accumulation and a limited supply available on exchanges.

While there are critics the coin has faced in recent times, the bullish rally remain evident.

Not All Markets Have Seen Record Highs Yet

While the price of Bitcoin had performed strongly over the past several months, it had not reached new all-time highs in every currency.

In a post shared by user nicrypto on X, it was pointed out that Bitcoin remained below its previous peak in both British pounds and euros.

This meant that although global momentum appeared strong, not all regions had experienced a new price of Bitcoin record in their local currency.

For some, this kept enthusiasm cautious despite the growing talk of a significant breakout. More importantly, the July data pointed to a tightening market.

In addition, smaller holders, combined with institutional demand through ETFs, were stocking up more Bitcoin than miners were producing.

At the time of writing, price of Bitcoin USD price was trading at $117,472.72, and the ongoing imbalance between supply and demand continued to fuel speculation

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