🚀 $BTC breaks $120K: ETFs hit record, liquidity dries up and institutional confidence grows — is the next step $140K?
Bitcoin has just surpassed $120,000, amid a rally marked by solid fundamentals and massive institutional participation:
Record inflows into Bitcoin ETFs: In July, the funds attracted $3.4 billion, including a historic inflow of $2.2 billion in just two days. At the same time, open interest in futures reached a peak of $57.4 billion, consolidating the narrative of real institutional adoption.
Increasingly pronounced scarcity: It is estimated that 75% of the BTC supply is in the hands of long-term holders (more than 1 year), while public companies and corporate funds already own 3.7% of the total, significantly reducing liquidity in the market.
Liquidations fueling the momentum: The recent surge has triggered a wave of short position liquidations, further accelerating the price increase.
Are you jumping in now that BTC hits $120K or waiting to see if it confirms the momentum before jumping in?
