Biggest surpass Amazon

Market Position & Achievement

• Bitcoin has reached $121,250 with a market cap of $2.45T, surpassing Amazon ($2.36T) to become the 6th largest global asset

• BTC dominance stands at 58.73% of the total crypto market, with a 24-hour surge of 3.99%

• Recent price action broke through key psychological barriers at $120,000 and $121,000, confirming strong bullish momentum

Regulatory & Institutional Catalysts

• Trump's executive order expanding crypto access in 401(k) accounts and the SEC's Project Crypto initiative have boosted institutional confidence

• Spot Bitcoin ETFs now hold over $150B in assets, showing sustained institutional appetite

• The GENIUS and CLARITY Acts addressing stablecoin oversight and broader crypto regulation have reduced market uncertainty

• On-chain metrics show whale accumulation amid declining exchange reserves

Trading Outlook & Strategy

• Key support zone established between $118,000-$120,000, with next resistance at $125,000

• Long/short ratio (59.97% longs) indicates bullish bias, though elevated RSI suggests caution

• Consider scaling into positions with stop-losses below $117,000 to manage volatility

• Watch for potential retracement opportunities before continuation toward all-time high ($123,091)

Community Perspective

• Binance community sentiment is overwhelmingly bullish (90.91%), focused on institutional adoption and ETF inflows

• Minority bearish view (9.09%) centers on possible long-term selling pressure and liquidity constraints

• Technical strength and regulatory clarity continue supporting Bitcoin's evolution toward mainstream recognition as a global reserve asset