$BTC

🚀 BTC Update – July 16, 2025

💵 Price: ~$119,300 (+1.8% today, +17% in 2 weeks)

🧠 Targets: $123,000 → $140,000

📈 Futures OI: ~$57–86 B (near record, fueled by ETF hype)

🏛️ ETF Inflows: $14.8 B YTD, $4 B+ in July, $403 M in last 24 h

🔥 Key Drivers:

Spot ETF Tsunami: $14.8 B has poured into Bitcoin ETFs this year—driving prices from ~$105K to ~$123K .

Institutional Surge: BlackRock’s IBIT is leading with ~$1.35 B added in two days, fueling whale accumulation (now ~3.54M BTC) .

Futures Frenzy: Bitcoin futures open interest hit $57.4 B–$86.3 B — record territory — signaling heavy institutional/leverage positioning .

Regulatory Tailwind: U.S. regulators are advancing crypto-friendly bills during “crypto week,” adding sector confidence .

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🎯 Trader Take

Bullish backdrop: ETF flows + futures positioning = strong upward momentum.

Key levels:

Support: $116K–$117K (50% fib / breakout retest)

Resistance: $123K → $140K+ if volume and OI hold

Watchouts: A pullback below $116K could trigger liquidations, especially with $3B+ OI at $118K strikes .

➡️ DYOR .

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