Bitcoin faces resistance at 115K: Can the "Big and Beautiful Act" become fuel for the bulls? - 0704 Coin Research Weekly Report
🔥【Top 1 Cross-Chain Net Inflow】 @BNBCHAIN + 990 million (today's single-day inflow 1 billion), speculated that the high inflow is to prepare for @worldlibertyfi
♦️ $USD1 related coins: $B, $EGL1, $Liberty
📌 The "Big and Beautiful" Act has passed in the U.S., expected to increase the U.S. debt ceiling -> U.S. dollar weakens -> bullish for risk markets
📌 @OndoFinance collaborates with @PanteraCapital to launch a $250 million RWA plan, Ondo Global Market is also about to launch -> focusing on tokenizing bond-type assets -> bringing stable income products into DeFi
📌 BTC ETF net inflow of 769 million; ETH ETF net inflow of 219 million -> institutions continue to position in ETFs -> strong medium to long-term growth potential
Credit to @jd950108 @0xfomor
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💡BTC Liquidation Map: Resistance encountered above 110k
Citing the chart drawn by @CryptoPainter_X, BTC surged to 110k last night, facing supply pressure. A short-term hold at 107k is considered a healthy correction; if it breaks, look for 103k~102k. The strategy shifts to short-term swing trading.

💡 Market Trends
Bitcoin's price consolidated a lot last year, with whale sell-offs and retail cooling leading to a decrease in actual demand. Institutions continue to buy, but mostly for physical delivery, making it difficult to push prices higher in the short term. After breaking through 115,000 yesterday, the market has pulled back, and assets are gradually becoming institutionalized. Volatility and price increases may slow down, and altcoins will need a rise in risk appetite to have a chance.

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