$BTC
Bitcoin is trading at $119,106 (+1.95%) after reaching an ATH of $123,091. The accumulated inflows into ETFs this year total $14.8 billion, with recent daily inflows of $403 million, extending to nine consecutive positive days. ETFs now hold 6.43% of the circulating supply of Bitcoin.
Key Factors
• BlackRock's IBIT leads with $80 billion in AUM
• On July 11, a record inflow of $1.18 billion was recorded, buying approximately 10,000 BTC (22× the daily mining output)
• Total assets in ETFs reached $158 billion
• Growing institutional adoption while retail participation remains weak
Trading Outlook
Technical indicators show mixed signals: bullish momentum on the MACD versus an overbought RSI (77.8%). Watch for key support at $117,000 and resistance at $123,000
