🚀 Bitcoin returns to $118K driven by record institutional inflows!
📈 BTC recovered to $118,000 after logging $799 M in spot ETF inflows just on Wednesday, accumulating nearly $1.5 B for the week.
🐋 Additionally, whales have withdrawn $2.25 B from exchanges in 30 days and continue to accumulate faster than the monthly issuance, according to Glassnode.
📊 Technical support: $115,500
📊 Key resistance: $123,000
➡️ If it surpasses that zone, the next technical target is at $136,000.
💡 Keep in mind: BTC is not yet overbought according to the short-term MVRV, leaving room to extend its rally.
👇 Ready for the next push? Follow us for more analysis!
