Bitcoin is currently trading around $118,200, down by about 0.5% today. While some may see this as weakness, it's actually a sign of strength — BTC is holding steady despite macro pressure, ETF reshuffling, and minor whale sell-offs.
Today, the crypto market overall is in a pullback mode, but Bitcoin’s dominance and ETF inflows remain strong. Over $150 million in positive flows into BTC spot ETFs signals that institutions are still accumulating.
A major highlight: the SEC approved in-kind redemptions for all Bitcoin and Ethereum spot ETFs, giving institutional investors more flexibility and reducing sell pressure risk. This regulatory move could quietly boost long-term confidence in BTC.
Technically, Bitcoin is in a consolidation range between $117K–$120K. A breakout above $120K could lead to a test of new local highs — while a drop below $117K may cause a brief correction to $110K levels.
As we await the White House’s upcoming report on digital assets and Bitcoin's potential inclusion in a strategic reserve, market sentiment may shift quickly.
📊 My take: Bitcoin remains strong, stable, and stealthily supported by large players. Accumulate wisely, manage risk — and let the trend do the talking.
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