๐ Key Takeaways:
๐น $BTC hits $122,150, just 1% below its $123K all-time high.
๐ White House bullish โ executive order hints at crypto in 401(k) retirement plans.
๐ Spot BTC ETFs see $773M inflows over the last three trading days.
๐ Sentiment: โGreedโ at 70/100, but not overheated.
๐ Bitcoinโs Latest Surge
Bitcoin (BTC) rallied 3.3% on Monday to $122,150 โ its highest level since peaking near $123,000 โ as bullish U.S. policy signals combined with sustained ETF demand.
The surge comes after weeks of tight trading between $115K and $120K. Henrik Andersson, CIO of Apollo Crypto, said the breakout was โjust a matter of time.โ
๐ Catalysts:
ETF inflows: $773M over three straight days.
Trumpโs executive order: Exploring crypto in 401(k) retirement plans, unlocking access to a $9T investment pool.
๐ฆ Institutional Momentum Building
Corporate Bitcoin buying is still a major driver.
๐ฌ Michael Saylor (MicroStrategy) hinted at expanding the firmโs $76.8B BTC stack, tweeting:
โIf you don't stop buying Bitcoin, you won't stop making money.โ
Institutional adoption + policy tailwinds = perfect bullish storm ๐ฉ.
๐ Market Sentiment Still Measured
The Crypto Fear & Greed Index is at 70/100, showing Greed but far from the euphoric 90+ levels seen in past blow-offs.
๐ Google search interest for โBitcoinโ is rising โ but still below November 2024 post-election peaks, suggesting room for FOMO growth.
๐ Broader Market Impact
$ETH climbed 1.8% to $4,310, keeping pace with BTCโs momentum.
Combined BTC + ETH rally pushed total crypto market cap to $4.14T โ a new record ๐ (CoinGecko).
๐ Next Resistance Level
If BTC breaks $123K: Analysts see potential straight to $130K before heavy resistance.
If rejected: Price could retest $119K support.
๐ฌ Traderโs Take: The mix of ETF inflows, policy optimism, and institutional buying puts Bitcoin in prime position for a breakout. But with โGreedโ rising, risk management is key.
๐
All eyes now on $123K โ the line between history and hesitation.
#BTCReclaims120K #ETH4500Next? #BinanceAlphaAlert #BinanceTurns8 ๐