š BTC Market Update ā Institutional Pressure, Macro Alignment & Tech Outlook
Bitcoin is steady at ~$107K today, backed by robust institutional inflows:
⢠+$2.2āÆB in ETF flows since midāJune, including nearly $590āÆM in the past 11 days š¼
⢠ProCapāÆBTCās $1āÆB merger and 3,724āÆBTC purchase highlight reserve-building strategies
⢠Glassnode/Avenir data confirms these are unhedged, longāterm bets ā not quick trades
Market cap potential? Billionaire Philippe Laffont envisions $5āÆtrillion, putting BTC on a path beyond $200K.
Technically, BTC bounce off $100K is strong, target resistance near $108ā112K.
Macro correlation to USD weakness and credit spreads adds fuel to the institutional case.
Call to Action:
š Watching BTC breakout above $112K? Or consolidating here first? Share your take!
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