• Bitcoin is trading at 123,339.77 dollars, close to the ATH of 124,457.12 dollars, maintaining a strong market dominance of 57.81%
• Market optimism dominates at 81.48% with a long/short ratio of 73.04, despite a recent liquidation of 2.14 billion dollars
• Critical support was established at the 116-117 thousand dollar level, with resistance at the ATH level
• ETF inflows (14.8 billion dollars since the beginning of the year) continue to outpace Bitcoin issuances after the halving event, creating supply pressure
Investment and development stimulus factors
• The pace of institutional adoption is accelerating: SpaceX owns 1 billion dollars in BTC; and Norway's sovereign wealth fund increased its Bitcoin holdings by 192%
• Venture capital funding reached 175 million dollars through 32 deals in BTCFi during the first half of 2025, despite a 66% decrease in the second quarter compared to the first quarter
• Technical breakthroughs: Bitcoin Hyper (an L2 layer integrated with the Solana virtual machine) and the BTC Bitlayer bridge enhance DeFi capabilities
• The regulatory environment in the United States shows a pro-crypto stance, supporting ongoing institutional entry
Trading strategy considerations
• Monitor the support area of 116-117 thousand dollars to identify potential entry points; a breakout above 124,457 dollars could lead to additional gains
• Large buying volumes (2,700+ BTC) indicate institutional confidence despite selling pressures at levels above 120 thousand dollars
• Focus on Bitcoin DeFi projects that are redirecting their interest towards consumer applications and yield products
• Monitor US inflation data and Treasury decisions as potential factors to stimulate short-term bearish trends
