#BTC Price range (last 24 h): Between $118.4 K and $122.85 K per BTC .
Binance data: BTC has surpassed $122,000 USDT, showing a +2.8% gain over 24 hours .
📈 Why the Surge?
Record highs: Bitcoin set new all-time highs above $116–119 K, driven by strong institutional inflows, ETF momentum, and renewed bullish sentiment .
Binance bullish outlook: The exchange’s market update suggests potential to reach $200K–300K by this Christmas, based on power-law price models .
🏦 Binance-Specific Highlights
Major BTC movements: Bhutan transferred ~$74 million worth of BTC (about 650 coins) to Binance in early July—indicating profit-taking tied to recent all-time highs .
Binance’s credibility: Listing this move reinforces Binance's central role in handling large institutional and national transactions.
⚙️ Trading & Fees on Binance
Spot trading: Offers competitive maker/taker fees (~0.1%–0.2%), with further discounts if you pay fees using BNB .
Withdrawal costs: Bitcoin withdrawals incur a blockchain fee (~0.00003–0.0005 BTC depending on network). For example, $60–$105) on BTC network; cheaper options available via BEP20, Lightning, etc. .
🔍 What This Means for You
If you’re buying BTC via Binance: You benefit from current price momentum, but remember this next climb could be volatile—especially with profit-taking from big BTC holders.
Trading vs. holding: For frequent trading, using BNB for fee discounts helps; for withdrawals, consider lower‑fee networks (Lightning/BEP20) to reduce costs.
Long-term outlook: With institutional inflows and favorable macro trends, BTC appears poised for further growth—potentially up to $200K+ by year-end—but keep an eye on market corrections.