Bitcoin failed to push through the $117,500 resistance on Monday, triggering profit-taking from short-term traders that dragged the price back under $115,000. Still, institutional demand continues to build. Material Indicators’ co-founder Keith Alan argued on X that BTC hasn’t topped at $124,500, largely because big money keeps flowing in. Data from SoSoValue backs that up, showing spot Bitcoin ETFs brought in $642.35 million on Friday, pushing total inflows for the week to $2.34 billion.

Ether wasn’t left behind either, with ETH ETFs attracting $637.68 million in fresh capital over the same period. But not all whales are sticking with Bitcoin. Lookonchain reported that a long-term holder who recently swapped $4 billion in BTC for ETH has now started unloading more than 1,176 BTC (worth $136 million) through Hyperliquid (HYPE).
Bitcoin has been holding above the 20-day EMA near $113,365, showing buyers are still in the game, but the real test lies at the $117,500 resistance. Bulls have struggled to break this wall, and bears are eyeing a pullback below the EMA to keep BTC locked in its broader $107,000 to $124,474 range a little longer. If sellers manage to drag it lower, the range-bound action could frustrate momentum traders. On the flip side, if buyers finally clear $117,500, a run to the $124,474 level is likely. That zone is expected to be heavily defended by bears, but if bulls power through, BTC could be set for the next leg higher with targets stretching toward $141,948.
Ether is showing its own battle at higher levels after failing to break through the $4,788–$4,956 resistance zone. Sellers stepped in aggressively there, pushing ETH back toward its 20-day EMA around $4,438, which has now become the make-or-break level. A strong bounce here would signal that bulls are still in control, and another attempt to retest the overhead zone could be on the cards. A decisive break above it would likely ignite the next leg higher, with $5,500 firmly in sight. But if ETH slips under the EMA, it would show fading momentum and invite bears to drag the price lower toward the critical support at $4,060.

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