,#. Here's the latest on Bitcoin (BTC):
📊 Price & Market Overview
Bitcoin is currently trading around $117,300, down about 0.7% from its prior close. Intraday highs reached near $119,080, while intraday lows hit ~$117,155 .$BNB
Across the broader crypto space, the total market cap has declined over 5% in the past 24 hours to just below $4 trillion, with almost all major coins slipping. As of now, there are 98 out of the top 100 coins in the red .
🔍 Key Developments & Trends
ETF Inflows Declining
Spot Bitcoin ETF inflows have dropped sharply—by around 80% week-over-week—to approximately $496 million, signaling weakening institutional demand . Invesco’s ETF reported $0 net inflow today .
Record Institutional Transaction Absorbed Smoothly
Galaxy Digital orchestrated a massive $9 billion BTC sale (~80,000 coins) from early investors with minimal market disruption, highlighting the increasing maturity and liquidity of deep crypto markets .
Resistance at $120K
Analysts emphasize that BTC must decisively break above the $120,000–$120,500 resistance zone to resume a bullish trend. A sustained rally above that could pave the way to fresh all-time highs near ~$123K .
🔮 Outlook, Predictions & Forecasts
Citi analysts forecast Bitcoin could nearly double by year-end, estimating a base case of $135K and a bull case near $199K. Their scenario ranges down to a bearish floor of $64K .
Finder.com consensus from expert panelists predicts BTC reaching around $145,167 by end‑2025, with most bulls targeting highs up to $162K and some bear forecasts near $87K .
Short-term technicals set resistance near $122,500 and support levels around $115K–$116K .
🏛️ Macro & Institutional Context
U.S. Regulatory Shift
The SEC now permits in‑kind redemptions and creations for crypto ETFs, aligning them more closely with traditional commodity ETF structures, potentially improving efficiency and flexibility for institutional investors .
New Public Bitcoin Treasury Listing
Twenty One Capital is listing today (July 29), debuting with a $5.1 billion Bitcoin treasury (~43,500 BTC). The firm introduces a “Bitcoin‑Per‑Share” metric, aiming for transparency by tying equity value directly to BTC holdings .
Risk Management Advice from Ray Dalio
Ray Dalio recommends that investors allocate up to 15% of their portfolio to Bitcoin or gold as a hedge against fiat currency devaluation. While he favors gold, he still endorses BTC as a strategic holding—though cautioning against overexposure .
✅ Market Summary
AspectInsightCurrent RangeConsolidating in ~$115K–$120KKey BarriersCritical resistance at $120K; failure to break could trigger consolidationInstitutional SignalsETF flows decelerating; large BTC sale absorbed wellRegulatory MomentumNew SEC policy and U.S. strategic reserves support legitimacyForecast SpreadShort-term weak; mid-/long-term bullish with year‑end targets up to ~$200K
🔭 What to Watch Next
Breakout above $120K—A strong breakout with high volume could herald a renewed rally.
ETF flow data—Watch for next-day net inflow numbers across fund providers.
U.S. policy announcements, including crypto reports, interest rate decisions, and regulatory updates, scheduled imminently .
Corporate adoption trends, particularly from newly established treasuries like Twenty One Capital.
🎯 Bottom Line
Bitcoin is consolidating just below its all-time highs around $119K–$120K amid weakening ETF demand and broader market pessimism. However, regulatory developments and major institutional players are reinforcing its credibility. If BTC can break resistance and rally with volume, some projections suggest it could climb toward $140K–$200K by year-end.
Let me know if you’d like a deeper dive into specific forecasts, altcoin trends, or regulatory impacts.
