#Bitcoin Trading around $117.8k

The Current market sentiment is Greed (CMC Fear & Greed Index: 68/100).

Key points of Market highlights:

Fear & Greed Index – 68

(down 1 point in 24h, up 18 points in 7d)

→ profit-taking caution amid mid-term optimism.

Institutional inflows –

Bitcoin #ETFs up $4.14B (+3%) in last 24 hours.

→ sustained demand.

Altcoin divergence –

$XLM (+28%), $HBAR (+15%) surge vs. BTC stagnation

→ selective risk-taking.

The Current price of $BTC is-

1. What's Market Sentiments :

This is neutral-bearish short-term because reduced leverage and a 47% drop in 24h trading volume suggest consolidation, but the 30-day market cap rise (+11%) signals underlying strength.

2. Institutional Demand:

ETF Inflows Defy Tariff FUD

Overview:

Bitcoin ETF AUM hits $143.2B (+3% in 24h), with BlackRock’s IBIT alone holding $80B. This occurred despite Trump’s 30% tariff announcement triggering a brief BTC dip to $117.5K (View CMC F&G).

What is this means in Market:

This is bullish because ETF buyers absorbed $17.15M in BTC liquidations (-66% YoY), demonstrating institutional conviction.

3. Altcoin Rotation: Narrative-Driven Surges

However, the #AltcoinSeason Index remains low at 28/100, with BTC dominance at 63.64% (-0.14% in 24h).

CONCLUSION -

Market sentiment leans bullish with caution—strong ETF inflows and a $3.68T market cap (+10.66% weekly) offset tariff risks and overbought RSI-7 (91).

Watch the BTC dominance trend:

A break below 63% could signal altcoin momentum, while holding above 64% may prolong Bitcoin-centric action.

The CME FedWatch Tool’s 94.8% rate-hike pause probability adds macro stability, but monitor Trump’s tariff enforcement (effective August 1) for volatility triggers.

Also watch the initial Higher-Low Support level around $112k - 113k.

Anyways,

Always #DYOR and Trade Wisely by using of #StopLoss in Crypto...🙏

It's #Write2Earn topic too..