#Market Milestone Achieved

• Bitcoin reached new ATH of $124,457 on August 10, now trading at $123,337

• Market dominance stands strong at 57.80% with $2.45T market capitalization

• Despite declining spot volumes, institutional players continue active accumulation

Key Growth Catalysts

• Institutional adoption accelerating - highlighted by Metaplanet's strategic purchase of 518 BTC ($61.4M)

• Technical infrastructure expansion through Bitlayer BTC bridge integration with DeFi protocols

• Swift recovery following August 4 liquidation event, supported by 1,337.96 BTC net inflows

• Binance-Solv partnership introducing innovative yield strategies for Bitcoin holders

Trading Outlook & Strategy

• Critical support established at $118,920; secondary support at $110,530

• Technical indicators show mixed signals - bearish RSI (75%) and Bollinger Bands vs. slightly bullish MACD

• Year-end projections range from $140K-$175K if current momentum continues

• Risk management crucial - monitor ETF flows and consider strategic entries at support levels

Community sentiment remains overwhelmingly bullish (88.11%), with discussions centered around institutional buying, DeFi integration, and strong technical supports for continued upward movement.