📈 Market Snapshot
Bitcoin continues its strong performance, now trading around $108,884, maintaining a solid range between $107.6K and $109.1K. Institutional buying and ETF demand are the leading factors holding the line as Bitcoin eyes higher resistance levels.
📰 Today’s Key Headlines
🔸 Institutional Inflows & ETF Momentum
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Over $1 billion in institutional Bitcoin ETF inflows have entered the market in just the past two days, helping keep BTC comfortably above $108K.
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U.S. spot Bitcoin ETFs saw $216.6 million in net inflows on Monday, extending a three-day streak of demand.
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Year-to-date, Bitcoin ETF inflows have totaled $13.5 billion, bringing total Bitcoin ETF assets close to $50 billion, closing in on gold ETF totals.
🔸 On-Chain & Corporate Accumulation
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Public companies now hold around 848,900 BTC, with 131K BTC added in Q2 alone — BlackRock’s IBIT fund currently holds over 699K BTC.
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On-chain data shows long-term holders are accumulating quietly, while institutional inflows last week topped $2.2 billion, signaling underlying strength.
🔸 Market Drivers & Outlook
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ETF inflows cooled to $769 million in early July (down from $2.22B the week prior), creating some short-term consolidation.
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Forecasts remain bullish: Analysts at Changelly predict BTC could hit $139K this month, while others see a climb toward $110,500 in the coming days.
🔮 What’s Next?
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$110K–$114K remains the key upside resistance to watch.
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Macro conditions (jobs data, Fed policy, inflation numbers) will continue influencing short-term momentum.
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Corporate adoption and ETF strength remain the primary long-term price catalysts.
📌 Final Take
Bitcoin is holding strong above $108,000, buoyed by institutional appetite and ETF demand. While inflows have slowed slightly, the structural support appears solid. A breakout above $110K could reawaken bullish momentum and bring a retest of the $114K all-time high zone.
