Bitcoin is holding below $115K after rebounding from a sharp $1B liquidation drop last week. Price action stays within the $102K–$112K consolidation band as spot ETF demand remains a key driver. July saw $12.8B ETF inflows, with $6B directly into BTC. Meanwhile, over 19,400 BTC moved into institutional wallets. On-chain outflow/inflow ratio sits at 0.9 signaling strong accumulation. August opened with a $643M ETF outflow, led by ARK and Fidelity, causing a brief dip. Yet corporate and sovereign adoption remains strong Strategy (MicroStrategy) now holds 597K BTC, and the U.S. government controls 200K BTC via a Strategic Reserve. Galaxy Digital’s $9B BTC sale was absorbed with no major market shock a sign of how deep Bitcoin liquidity has become.

Is $BTC building for $140K–$200K or are these outflows an early warning sign? Drop your thoughts and let’s trade smart.