🚀 $BTC surpasses $120K with historic inflows in ETFs and massive short squeeze — heading towards $140K?
Bitcoin has broken the $120,000 barrier, driven by a wave of flows and market pressure that only institutional involvement and technical factors can explain:
Record ETF inflows: In July, Bitcoin ETFs attracted $3.4 billion in inflows, with $2.2 billion in just two days, evidencing a renewed institutional appetite for the king of cryptocurrencies.
Unprecedented technical demand: There exists a brutal short squeeze with over $1 billion in short position liquidations, including a trade of $88.5 million on HTX, unleashing unstoppable momentum.
Favorable macro decision: The possibility of rate cuts by the Fed (99.7% according to CME Fed Watch) has injected global optimism, amplifying the appeal of BTC and weakening the USD.
Are you joining the historic BTC rally or waiting for a pause before entering?
