📊 Bitcoin Eyes $117K CME Gap as Macro Data Looms

$BTC hit $122,312 before cooling to $121,250, with traders eyeing a $117K–$119K CME gap fill as a possible pullback zone.

🔹 Spot demand is driving the rally as leverage stays near multi-year lows.

🔹 CPI (Tue) & PPI (Fri) data could set the tone for a September Fed rate cut (odds near 90%).

🔹 Whales show no big profit-taking yet — holding above $120K keeps new ATHs in sight.

#Bitlayer #BTCReclaims120K #BinanceAlphaAlert #USFedBTCReserve $BTC $BNB #BinanceSquareTalks