Bitcoin ($BTC ) climbed to $122,150 on Monday — just 1% shy of its all-time high of $123K — fueled by strong institutional demand and supportive U.S. policy developments.
Key Drivers of the Rally:
ETF Inflows: Spot Bitcoin ETFs recorded $773 million in net inflows over the past three trading days, signaling robust investor interest.
Policy Momentum: U.S. President Donald Trump issued an executive order exploring the inclusion of cryptocurrencies in 401(k) retirement plans, potentially unlocking a $9 trillion investment pool.
Corporate Accumulation: MicroStrategy’s Michael Saylor hinted at expanding the firm’s $76.8 billion BTC holdings, reinforcing the bullish institutional narrative.
Market Sentiment:
The Crypto Fear & Greed Index sits at 70/100, indicating “Greed” without signs of extreme overheating. Google search interest in Bitcoin is rising but remains below November 2024 post-election levels.
Wider Crypto Impact:
Ethereum ($ETH ) gained 1.8% to $4,310, helping push total crypto market capitalization to a record $4.14 trillion, according to CoinGecko.
Technical Outlook:
A break above $123K could open the path toward $130K before encountering major resistance. Conversely, failure to sustain momentum may lead to a retest of support around $119K.
Bottom Line:
With strong ETF inflows, favorable policy signals, and growing institutional participation, Bitcoin’s rally appears well-supported — and the market is watching closely for a potential new all-time high. #BTCReclaims120K
