🟠 Bitcoin Hits New All-Time High at $122K — Is $140K Next?

Bitcoin has officially reached a new all-time high (ATH) of $122,000, marking over 5% growth in 24 hours.

🚀 What’s Fueling the Surge?

$1.18B ETF inflow in a single day—2nd highest ever.

BlackRock’s IBIT now holds 700,000 BTC.

Total ETF AUM nears $150B, double from last year.

🇺🇸 Political Tailwinds

💵Trump pushes for a U.S. Strategic Bitcoin Reserve.

💵Urges Fed to cut interest rates amid "no inflation" claim.

💵Declares July 14–18 as “Crypto Week” in U.S. House.

🌍 Global Momentum

💵Japan eases ETF tax regulations.

💵South Korea fast-tracks legalizing spot Bitcoin ETFs.

🏆 BTC vs. Big Tech

Bitcoin’s market cap is now rivaling Amazon and inching closer to Apple and Microsoft.

⚠️ Risks to Watch

14,000 BTC sold by whales since July 4.

$1.14B in shorts liquidated, raising volatility concerns.

CPI data release today could shake markets; key support: $113K.

📈 What’s Next?

Resistance lies between $122K–$128K. Analysts eye $140K, driven by ETF momentum and macro conditions.

💵

Bitcoin’s explosive growth is backed by institutional adoption, political support, and macro trends. With ETFs booming and global interest rising, BTC could be gearing up for the next leg toward $140K.

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