Bitcoin Goes Mixed as Spot Trading Volume Declines

Major New York Stock Exchange Index, including S&P 500, Hits High
BTC Falls On Profit-Realizing Sale...Altcoins Declines on Intra-Day
Expert Predicts "BTC Must Reach $10.9K to Continue Rising"

Bitcoin(BTC) fell on Jul. 1 due to a decrease in spot trading volume.

The cryptocurrency market, including Bitcoin, fell despite the booming U.S. stock market. Major New York Stock Exchange indexes, including the S&P 500, broke new highs on Jun. 30(local time). The New York Stock Exchange's new high came amid news that the Donald Trump administration will resume trade negotiations with Canada.

The reason for the decline in Bitcoin is the increase in the sale of profit-taking. In a report published on the 30th, Bitfinex said, "In-kind trading volume has decreased and buying pressure has weakened," adding, "This is because investors who have begun to accumulate bitcoin under $80,000 have begun to realize profits."

Bitcoin fell slightly during the day, and major altcoins also fell. "Light" altcoins with low market capitalization only recorded a rise of more than 5%.

◇Bitcoin = Bitcoin price is $107,038 at 4:30 p.m. on Jul. 2, 2025. The Bitcoin share(dominance) was 65.35%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 38.97% and 61.03%, according to the on-chain analytics platform Sigbtc.

While the price of Bitcoin has been going sideways in the $100,000 range, it has been predicted that it will have to exceed $109,000 to hit a new high again.

In an interview with CoinTelegraph, a cryptocurrency analyst Michael van de Poppe said, "Bitcoin must break through the $109,000 range, which is the key resistance level, in order to continue its rise."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 1 was GameBuild(GAME2), up about 20% on the day alone.

GameBuild(GAME2) is a decentralized platform that creates a game ecosystem based on blockchain technology. The platform supports developers, gamers, and advertisers, and aims to bridge the gap between Web 2.0 and Web 3.0 games. It provides tools for cryptocurrency management, game development, analysis, and in-game advertising, and is attracting attention in the blockchain game industry.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 64 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 46.8, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr