🔥 $BTC corrects 7% and falls to $114K after the dip at $122K — but institutional entries do not stop
📊 Current price and clear technical structure
BTC is trading at $114,027, after experiencing a correction from $122,400 over the weekend. Although it has lost momentum, the price is bouncing off a key technical support ($112K–$114K), within a structured consolidation.
⚙️ Key factors driving the market
In July, Bitcoin ETFs accumulated $6,012 million, and up to $14.8B, their third strongest month since the start of their history.
On July 24, net inflows of $226.7 million were recorded just that day.
In July, crypto ETFs (BTC, ETH, and others) absorbed a record $12,800 million, even surpassing the VOO ETF of the S&P 500.
On August 1, there were outflows of $114.8 million in BTC ETFs, highlighting the consistency of weekly flows against occasional fluctuations.
🔧 Technical reference level of the day
📌 Support: $112K–$114K (intraday lows and structural base)
📌 Resistance: $120,000–$122,400 (recent high and breakout thread)
🎯 Critical zone: staying above $114K enables a path towards $120K–$123K
🌐 Institutional outlook / macro vision
Deutsche Bank highlights that regulatory development (Genius Act and Clarity) and support from major firms position BTC as global financial infrastructure; institutional funds are not just accumulating: they are expanding.
Will you take advantage of this dip to add BTC or do you prefer to wait for confirmation above $120K? Comment below 👇
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