**Updated Analysis of the Cryptocurrency Market (July 21, 2025)**

Based on the latest market data and legislative developments, here is a detailed analysis of Bitcoin (119,000 USD) and Ethereum (3,800 USD)

🔷 Bitcoin (BTC) at 119,000 USD

Driving Factors for the Rise

1. U.S. Legislative Developments:

- Signing of the GENIUS Act to regulate stablecoins, and the approval of the CLARITY Act and measures against central bank digital currencies.

- These laws enhance institutional legitimacy, but full implementation may take months, creating cautious optimism.

2. Institutional Flows:

- Inflow of 1.9 billion USD to Bitcoin ETF funds last week (especially BlackRock).

- Rumors of SEC approval soon for Bitcoin derivatives ETFs (with leverage).

3. Whale Activity:

- Large investors are buying significant amounts at any price dip, supporting price stability at record levels.

Technical Risks:

- RSI Indicator: at 86 (dangerously overbought signal).

- Psychological Resistance: 125,000 USD, and Critical Support: 110,000 USD.

- Increased Leverage: 300% increase in 48 hours, raising the risk of mass liquidations during a correction.

Short-term Forecast:

|Scenario | Target | Verification Conditions|

| **Continued Rise** | 140,000 USD | Break above 125,000 USD with continued institutional flows. |

| **Sharp Correction** | 100,000–105,000 USD | Nasdaq falls 40%