Bitcoin price hovered around $108,000 on Monday, marking a 7.32% weekly gain.
The cryptocurrency closed Q2 with a robust 30% quarterly return, nearing its all-time high.
U.S. spot Bitcoin ETFs recorded $2.22 billion in inflows last week—the highest since late May.
Bitcoin (BTC) traded near $108,000 at press time, extending its weekly rally beyond 7%. Q2 concluded with an impressive 31% gain, fueled by accelerating institutional demand. Spot Bitcoin ETFs in the U.S. saw $2.22 billion inflows last week, signaling renewed bullish momentum—the strongest since May.
As the flagship cryptocurrency inches closer to its record peak, investors eye a potential breakout to new highs.
Bitcoin’s Stellar Q2 Performance: 31% Quarterly Return
Bitcoin’s 31.08% Q2 return marks its best second-quarter performance since 2020, far exceeding historical averages.
📊 BTC Quarterly Returns (%) | Source: Coinglass
Corporate & Institutional Demand Accelerates
Metaplanet’s Latest Bitcoin Purchase
Japanese investment firm Metaplanet announced Monday it bought an additional 1,005 BTC ($108M), raising its holdings to 13,350 BTC. Simultaneously, the firm revealed plans to issue $208M in zero-coupon bonds to fund further Bitcoin acquisitions.
ETF Inflows Hit 5-Week High
U.S. spot Bitcoin ETFs absorbed $2.22 billion last week (per SoSoValue), reflecting surging institutional interest. Sustained inflows could propel BTC to challenge or surpass its all-time high.
📈 Spot Bitcoin ETF Weekly Net Inflows | Source: SoSoValue
What’s Next for Bitcoin in July?
Historically, July delivers an average 7.56% return for BTC. With ETF demand rising and macroeconomic uncertainties easing:
- Bullish Scenario: Continued ETF inflows and institutional adoption may push BTC toward $120,000.
- Key Resistance: May’s ATH at $111,980 remains the immediate target.
📅 Bitcoin Monthly Returns (%) | Source: Coinglass
Technical Analysis: BTC Nears Record High
- Current Price: $107,600 (testing support at 50-day EMA ~$104,126).
- RSI: 56 (bullish momentum).
- MACD: Bullish crossover on daily charts.
👉 Track real-time BTC price action
If bullish momentum holds, BTC could retest $111,980 and rally toward $120,000. A reversal risks a dip to $104,126 support.
FAQ: Bitcoin Price Outlook
Q: Will Bitcoin hit $120,000 soon?
A: Likely if ETF inflows persist and BTC breaks above $111,980 resistance.
Q: What’s driving Bitcoin’s Q2 rally?
A: Institutional ETF demand, corporate treasury strategies (e.g., Metaplanet), and macroeconomic hedge trends.
Q: Is July typically bullish for BTC?
A: Yes—historical data shows an average 7.56% July return.
👉 Explore Bitcoin ETF investment strategies
Disclaimer: This content is for informational purposes only and not investment advice. Cryptocurrency trading involves substantial risk—consider independent financial guidance before making decisions.
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