The post Bitcoin Nears $120,000 Amid Rising Spot ETF Flows and Steady Network Activity, Suggesting Potential Upside appeared on BitcoinEthereumNews.com.

Bitcoin surges to an unprecedented $120,000, driven by robust institutional demand and sustained network growth, signaling strong bullish momentum. BlackRock’s spot Bitcoin ETF (IBIT) has rapidly amassed over 700,000 BTC, outpacing traditional strategies and underscoring growing institutional confidence. According to COINOTAG, the Long-Term Holder Net Unrealized Profit/Loss (NUPL) metric remains below critical overheating levels, suggesting further upside potential. Bitcoin hits $120,000 amid record ETF inflows and steady network activity, with long-term holder metrics indicating sustained bullish momentum. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); BlackRock’s Spot Bitcoin ETF Catalyzes Institutional Inflows and Market Expansion Bitcoin’s recent rally to $120,000 has been significantly propelled by institutional investment, particularly through BlackRock’s spot Bitcoin ETF, IBIT. This ETF has achieved a remarkable milestone, accumulating assets under management (AUM) of $83 billion in just over a year, a pace unmatched by any other ETF in history. The fund’s holdings now exceed 700,000 BTC, surpassing competing strategies by nearly 100,000 BTC. This rapid accumulation highlights a paradigm shift in institutional appetite for direct Bitcoin exposure, reflecting growing trust and acceptance within mainstream finance. Bloomberg ETF analyst Eric Balchunas emphasized the historic nature of IBIT’s growth, noting it reached $80 billion in AUM in only 374 days—five times faster than the previous record-holder, the Vanguard S&P 500 ETF (VOO). This accelerated adoption not only underscores Bitcoin’s maturation as an asset class but also enhances…

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Filed under: News - @ July 14, 2025 3:21 am