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• • Bitcoin is trading at $118,716.90, demonstrating resilience in the $116,000 - $123,000 range

• • July closed at an all-time high ($115,800), despite significant correction waves

• • Recently realized profits rose to $6-8 billion, indicating substantial on-chain activity

• • Price stability amid corrections suggests strong institutional absorption

Institutional drivers

• • Harvard University invested $116.6 million in a Bitcoin exchange-traded fund (ETF), boosting institutional confidence

• • Inflows into exchange-traded funds surpassed $10 billion in the first seven months of 2025

• • The US GENIUS Act provides essential regulatory clarity for institutional participation

• • Block Inc's announcement of a new mining chip enhances technological fundamentals

Technical analysis and trading outlook

• • Vital support was established at $116,000; direct resistance at $123,000

• • The MACD indicator suggests a potential shift in momentum towards an upward trend

• • Analysts expect a target of $130,378 if resistance at $123,000 is broken

• • Capital flows during August 9-10 indicate an accumulation phase

• • Positive funding rates on the Binance platform confirm institutional demand

Market sentiment

• • The Binance community shows an optimistic sentiment of 87.37%

• • The third wave of corrections occurs without significant price impact

• • Short-term volatility is expected, but the long-term trend remains bullish

• • Strategic entry opportunities exist during consolidation and accumulation phases#bitcoin #BTC走势分析 #Binance #Write2Earn #TrendingTopic $BTC $BNB $ETH