#BTCOvertakesAmazon Historical Background & Current Situation

• Bitcoin has reached a historical status with a market capitalization of $2.4-2.45 trillion, surpassing Amazon to become the fifth-sixth largest global asset

• Currently trading at $118,949, after fluctuating in the range of $114,900-$122,335 in the last week

• Strong institutional support evidenced by daily ETF inflows exceeding $1 billion in July and 265 companies holding BTC on their balance sheets

• Positive sentiment reflected in 60% long positions and substantial buying volume in the last 24 hours (3,749 BTC)

Key Factors

• Increased clarity in regulation with the approval of spot trading by the CFTC, the establishment of the SEC's cryptocurrency task force, and the Genius Act in Congress for stablecoins

• Institutional demand confirmed by record weekly inflows of $3.7 billion into crypto products

• Blockchain data reveals ongoing accumulation patterns by large investors

• Positive community sentiment regarding Bitcoin's potential to challenge traditional assets

Trading Implications

• The technical structure identifies crucial support at $121,200 and resistance at $127,780

• Significant sell orders ($5.92 billion) near resistance could trigger short-term volatility

• Strategic opportunities: maintain long positions with dynamic stop-losses at support levels

• Long-term targets: surpassing Apple would require a price of $158,000 for BTC, while parity with gold would represent a target of $1 million

• Monitor ETF flows and activity of large investors as leading indicators of momentum #btc