🚀 Bitcoin ETF Momentum Builds — What Traders Should Know
📈 Institutional Buying Heats Up
U.S. spot Bitcoin $BTC ETFs pulled in $1.2 billion over the past two weeks.
A record-breaking $601.8 million was added in just one day over the July 4th weekend.
BlackRock’s IBIT and Fidelity’s FBTC led the charge, bringing in $183 million.
In just three months, ETF holdings grew from 527,000 $BTC to over 630,000 BTC.
ETFs now hold 28% of the spot Bitcoin market — a major signal of growing institutional interest.
📊 Price & Technical Trends
Bitcoin hit $110,000, its highest in three weeks, with resistance at $111,000.
Technical signals (like Wyckoff and MACD) show a possible continued uptrend, but RSI shows the market isn't overheated yet.
⚠️ Key Levels & Market Watch
$108,000 is a key support zone — if it breaks, downside risk increases.
$42 million in recent $BTC liquidations point to leveraged traders testing upside.
Around 80,000 BTC from 2011 might re-enter the market — keep an eye out.
On Binance, 67.9% of users are still bullish, even with the price facing resistance.
💡 Takeaway ETF-driven buying is pushing Bitcoin higher, but price is hitting resistance. Watch for signs of consolidation near $111K, and don’t ignore the potential impact of old BTC coming back online. Stay cautious but alert — momentum is still strong.