💥 $BTC rose to $120K as Fidelity and miners accelerate accumulation
📈 BTC is at **$120,317, marked by significant institutional accumulation and strategic behavior from miners.
🔍 Most relevant:
– Fidelity FBTC recorded inflows of $10.4 M on July 17, reinforcing the demand for spot ETFs 2.
– By 2025, U.S. spot ETFs had accumulated $14.83 B in inflows by mid-July.
– Miners, despite reduced revenues (~$34 M daily), have accumulated +4,000 BTC since April and have sold only 150 BTC this year.
📊 Technical data:
– Key support: $118K–$119K
– Immediate resistance: $122K–$123K → if it breaks, it could go for $125K–$130K
⚠️ Note: although institutional ETF flows are rising, some ETFs showed recent outflows ($22.9 M from FBTC), causing some volatility
✅ In summary: BTC is moving steadily, with clear institutional backing and a technical scenario presenting an opportunity for a bullish breakout.
👉 If it breaks $123K, it could go again for $130K+
