Bitcoin missing peak euphoria DESPITE new ATH past $122K – Reasons and details!

Key Points

1. Bitcoin's market cap ranks 6th globally at $2.385 trillion, surpassing Alphabet (GOOG), signaling legitimacy and growing public acceptance.

2. Institutional investment remains strong, with MicroStrategy (MSTR) acquiring an additional 4,225 BTC, bringing its total holdings to 601,550 BTC.

3. Bitcoin spot ETF inflows hit $1 billion on back-to-back days (10-11 July), matching a record last seen in January 2024 during the ETF launch period.

4. The Coinbase Premium Index suggests higher BTC demand on U.S. exchanges, historically a precursor to rallies, though short-term pullbacks may occur.

5. Despite bullish indicators, Bitcoin's price may experience short-term volatility, though the overall market appears healthy for further growth.