My take is that this breakout is structural: institutional supply shock meeting reduced issuance, making it less retail speculation and more hard financial reality. This macro-momentum will drive the whole market.
The facts I think is driving this breakout:
1) The ETF Buying Pressure: Sustained ETF inflows reaching billions are swallowing new supply, creating constant upward price pressure.
2) The Supply Crunch: The post-halving environment has fundamentally reduced issuance, reinforcing the scarcity narrative.
3) The $120K Mind Game: Breaking this level triggers a powerful psychological conflict: FOMO for those on the sidelines versus liquidation fear for leveraged positions.
This is what the data is pointing to. I’m genuinely curious about the trading experience right now: What’s the biggest “breakout pain” you are facing? Is it the classic pain of timing the entry (FOMO), or is it the struggle of managing volatility?
Let’s share everyone’s pov or knowledge and stay connected for more ongoing discussions.
submitted by /u/Narrow_Chance7639
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