🌐 Bitcoin: The $120K Fortress & ETF Supremacy
Bitcoin’s Q2 rally to $111,000 (now consolidating at $118,000) is anchored by spot ETF dominance. BlackRock ($15B AUM) and Fidelity ($9B) absorb 92% of new institutional inflows, offsetting miner sell pressure. Key August levels:
Bullish: Break above $123,680 → targets $127K.
Bearish: Miner profit-taking could test $114K support.
💡 Why it matters: Bitcoin ETFs now trade more daily volume than gold ETFs, cementing crypto as a macro asset.