đ° Regulatory Winds & ETF Momentum Propel Bitcoin Replay to All-Time Highs
Bitcoin (BTC) is reclaiming the spotlight with renewed strength today, as U.S. legislative developments coincide with massive inflows into Bitcoin ETFs and robust on-chain accumulation.
đ Composite Market Summary
đïž Regulatory Boost: The recent passage of the "GENIUS Act" reinforced U.S. stablecoin frameworks and advanced digital asset clarity. Industry participants highlight this as a pivotal moment restoring institutional confidence.
đ ETF Surge: Bitcoin ETFs pulled in $530M in net capital yesterday, extending a 7-day inflow streak totaling over $1.8Bâtracked by SoSoValue and Bloomberg ETF data.
đł Whale & On-Chain Flow: CryptoQuant and Glassnode confirm a 5% drop in BTC held on exchanges this week. Addresses containing 100+ BTC rose by 3.1%, signaling strategic accumulation by large investors.
đč Technical View: BTC has broken out above $118K, with momentum now targeting $123Kâ$125K. The 4-hour chart shows RSI at ~66, accompanied by a bullish MACD crossover. Volume is ~60% above recent average, reinforcing strength.
đ Macro Context: With inflation trending lower (June CPI â0.2% MoM), risk-on assets have benefited. The crypto sectorâs market capitalization remains near $4âŻT, bolstered by ETF entries and stablecoin utility under regulatory guardrails.
đ§ Tactical Outlook:
Upside Scenario: Sustained ETF inflows combined with low exchange balances suggest a path to $130K+ if BTC maintains above $118Kâ$120K this week.
Downside Risk: A breach below $116Kâ$117K and a drop in ETF flows could lead to a pullback to $112Kâconsolidation for the next leg.
đ Key Watchpoints Tonight:
Daily ETF net inflows
Exchange supply behavior
4-hr RSI/MACD crossovers
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