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![Silent_Whale_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1886655825940529152.png) Silent Whale [@Silent_Whale_](/creator/twitter/Silent_Whale_) on x 2919 followers
Created: 2025-07-21 17:49:59 UTC

Macro & Cycle Structure

$BTC’s rally to $120K is driven by:
 
• Massive inflows via $BTC ETFs ($25B+)
• Post-halving phase (Q2-Q3 is historically bullish)
• “Belief” phase in the market psychology cycle

We’re right between “Optimism” and “Euphoria”.
Not the top - but a potentially overheated zone.

![](https://pbs.twimg.com/media/GwZidFFWAAAyqDb.png)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947353377358164092/c:line.svg)

**Related Topics**
[$25b](/topic/$25b)
[$btc](/topic/$btc)
[$120k](/topic/$120k)
[$btcs](/topic/$btcs)
[macro](/topic/macro)
[btcs btcs ordinals](/topic/btcs-btcs-ordinals)
[btcs inc](/topic/btcs-inc)
[coins brc20](/topic/coins-brc20)

[Post Link](https://x.com/Silent_Whale_/status/1947353377358164092)