#writtoearn

• Bitcoin stabilizes at $119,273.77 (+1.77%) after peaking at $123,000

• Record inflows into exchange-traded funds (ETFs): $1.03 billion (on July 11), and **$2.72 billion** weekly

• Total assets under management (AUM) reached $150 billion (54% of gold funds)

• 77.8% of forecasts are positive despite the relative strength index (RSI) >75 (in overbought territory)

Key Catalysts

• Exchange-traded funds (ETFs) now represent >50% of Bitcoin trading volume in the United States

• Dominance of IBIT funds from BlackRock with 40% of inflows

• Regulatory clarity through approval from the Securities and Exchange Commission (SEC) and the GENIUS Act

• Divergence: Accumulation by large traders (970.58 BTC purchase volume) versus recent profit-taking sales (-749.76) net outflow

Trading Outlook

• The moving average convergence divergence (MACD) indicator confirms momentum, while overbought conditions suggest a potential correction

• Analysts expect exchange-traded funds (ETFs) to reach three times the assets of gold within 3-5 years

• Monitoring trends in inflows to identify entry points amid expected volatility