.

• • Bitcoin has reached a historic market cap of $2.42 trillion, surpassing Amazon to become the sixth largest globally by assets

• • Currently trading at $121,464 with a 24-hour range between $120,286 and $122,335

• • Gains of nearly 30% since the beginning of the year show sustained institutional confidence

Key drivers of growth

• • ETF inflows have reached a record exceeding $1 billion daily in early July

• • Regulatory breakthroughs in the United States include Bitcoin allocation in 401(k) retirement plans and the CLARITY/GENIUS Acts

• • Continuous aggregation strategy from MicroStrategy, which now holds over $46 billion in BTC

• • The Investment Banking Law in El Salvador that legitimizes the ownership of Bitcoin by licensed banks

Trading strategy and technical positioning

• • Strong support at $118,000 with critical resistance at $123,000 (previous all-time high)

• • MACD indicator is bullish with 62.5% of long positions, indicating continued upward momentum

• • Confirmation of institutional accumulation through a record capital inflow of $1,395.92 million on August 10

• • Potential target: $150,000 by late August with a strategic stop loss below $118,000

Community and development trends

• • Prevailing optimism (90.76%) among Binance platform users

• • Increasing discussions about Bitcoin as a tool for diversifying investment portfolios and cash reserves

• • Second layer innovations like Vault AI and Bitcoin Hyper expand the ecosystem's utility

• • Market volatility is increasing in Asia, providing breakout signals