BTC Breaks Past $122K as Market Momentum Builds

In Brief:

Bitcoin surged to $122,126 on OKX, marking a fresh high with a 0.33% increase in just five minutes.

The rally follows bullish momentum, ETF optimism, and rising retail confidence.

Bitcoin has officially crossed the $122,000 mark, trading at $122,126 on OKX with a sharp 0.33% increase over a five-minute span. This comes amid a broader wave of bullish momentum, fueled by growing institutional interest, strong on-chain activity, and short liquidations.

The surge follows recent reports of increased long positions and renewed speculation around U.S. and global ETF approvals. Market sentiment remains high, with Polymarket predicting a strong chance of BTC reaching $125K before the end of July.

As BTC continues to chart new highs, traders are watching closely for signs of either continued breakout or short-term correction amid overheated technicals.

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