Bitcoin Price Charges Toward $123K on Record ETF Inflows and $9T Retirement Fund Catalyst
BTC gains 5% in three days as institutional demand surges, Trump unlocks $9T retirement capital, and corporate treasuries mirror gold’s adoption curve | That's TradingNEWS
ETF Inflows Propel Bitcoin Toward Record Levels
Bitcoin (BTC-USD) is trading close to $122,000, narrowing the gap to its all-time high of $123,218 after a powerful streak of institutional buying. Over the last three sessions, U.S. spot Bitcoin ETFs absorbed $773 million in net inflows. BlackRock’s IBIT now holds $80 billion in BTC, approaching the $94 billion controlled by the largest gold ETF. This demand surge is creating sustained upward pressure as ETF flows continue to consume a large portion of newly mined supply, effectively tightening market liquidity.
Trump’s Retirement Plan Reform Unlocks Massive Capital for Bitcoin
President Donald Trump’s executive order allowing 401(k) plans to invest in cryptocurrencies could redirect portions of $9 trillion in U.S. retirement assets toward Bitcoin. This policy shift mirrors the transformational effect gold ETFs had on bullion markets in the 2000s, creating a long-term pipeline of demand from pension and retirement funds. Analysts believe this change may permanently strengthen BTC’s institutional adoption curve.
Corporate Treasury Accumulation Gains Momentum
MicroStrategy continues to expand its Bitcoin reserves, with a treasury now valued at $76.8 billion. This aligns with forecasts from Standard Chartered suggesting a rapid increase in corporate BTC adoption. More publicly traded firms are expected to use Bitcoin as a hedge against inflation and currency devaluation, potentially replicating the institutionalization trajectory seen in gold markets two decades ago.
Technical Indicators Suggest Bullish Breakout Potential
The daily RSI for Bitcoin is at 67.7, reflecting strong momentum without extreme overbought conditions. A recent MACD bullish crossover adds to the positive technical picture, with BTC breaking out of its consolidation range between $115,000 and $120,000. A decisive close above $123,000 could unleash algorithmic buying and retail momentum, with near-term targets in the $126,000–$129,000 zone. If macro conditions remain supportive, a move toward $150,000 by year-end is increasingly plausible.
Ethereum ETF Flows Surpass Bitcoin, but BTC Retains Market Leadership
On August 12, spot Ethereum ETFs attracted $1.02 billion in inflows, outpacing Bitcoin’s $178 million for the day. Despite this short-term divergence, BTC remains the dominant institutional asset, commanding over 48% market capitalization dominance within the $4.14 trillion crypto market. Its established position as the primary store of value asset ensures it remains the anchor for investor sentiment.
Market Sentiment Strong but Not Overheated
The Crypto Fear & Greed Index sits at 70/100, reflecting high investor confidence without reaching the euphoric “extreme greed” territory. Retail engagement remains moderate, suggesting further upside potential once broader participation increases.
Investment Outlook and Verdict
With accelerating ETF inflows, favorable regulatory developments, corporate accumulation, and bullish technical momentum, BTC-USD remains in a BUY zone. The immediate focus is on breaking the $123,218 resistance; a successful breakout could drive a rapid push to $130,000, with $150,000 remaining a realistic target if demand conditions persist.
