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$BTC $116.6K — consolidates after profit-taking, is institutional pressure returning?
📊 Current price and clear technical structure
Current price: $116,562 (live).
Structure: BTC is operating in a consolidation phase after the July impulse; intraday it shows a range between lows near $115.9K and highs at $117–120K, forming a slight wedge on H4 that often precedes a directional movement.
⚙️ Key factors
Recent inflows to ETFs: spot funds continue to move capital —e.g. $280.7M in inflows reported on the most recent day— a sign of institutional interest that remains present.
Strong monthly flow: July recorded historic volumes in ETFs (billions accumulated), showing that institutional demand remains structural.
Movements of large wallets: corporate movements (e.g. SpaceX consolidations of ~1,308 BTC weeks ago) are still on the radar and can redistribute liquidity.
Macro sentiment: regulatory news and institutional adoptions continue to determine the short-term direction; today the market is balancing profit-taking vs ETF inflows.
🔧 Technical level of the day
Support: $115,000 (intraday support / accumulation zone)
Immediate resistance: $120,250–$120,300 (recent lows/highs)
Critical zone: staying above $116K confirms the base; breaking $120.3K with volume would open the way for a re-test of local highs.
🌐 Institutional outlook / macro vision
The narrative remains institutional: ETFs continue to inject capital despite daily jumps and pauses. As long as net inflows remain positive on a weekly/monthly basis, the probability of an upward continuation increases; however, movements of large holders (consolidations or sales) can generate quick corrections.
#Bitcoin #BTC #ETFFlows #AnálisisTécnico #CriptoInstitucional