Institutional funds are going crazy buying Bitcoin! But retail investors around the world are "reacting coldly"?

Bitcoin surged to $122,000 within 48 hours, with analysts optimistically targeting $135,000, driven by ETF funds, but retail investor sentiment remains "cold and indifferent"? (Background: Bernstein reiterates Bitcoin's rise to $200,000: institutional demand is the driving force, and this bull run will be long and exhausting) (Additional context: Rich Dad warns: Bitcoin's crazy rise to $120,000 "be careful of chasing the price", don’t be the pig that gets slaughtered) The downward trend of Bitcoin (BTC) was broken within 48 hours, repeatedly breaking through the historical high of $122,000. Wall Street technical analysts and traditional banks have also set a target of $135,000, with the market pondering whether this is a peak or a pullback. Analysts predict $135K According to Cointelegraph, Fairlead Strategies founder Katie Stockton estimates that BTC price could rise to $135,000 based on "measured moves". 10x Research, LVRG Research, and Cointelegraph's technical team have all forecasted BTC resistance in the range of $132,000 to $138,000. Historical comparisons show that breakout signals observed on July 10 have historically brought an average increase of about 20% within the following two months, landing around $133,000. Fibonacci extensions and moving averages resonate around $128,000 to $136,000. ETFs are surging, but retail investors are cold? According to The Currency Analytics, Bitcoin spot ETFs have seen net inflows exceeding $1 billion for two consecutive weeks, accumulating over $28 billion this year, with the main inflow coming from BlackRock's spot ETF. On the other hand, since the last Halving, Bitcoin's daily issuance has been only 450 coins, coupled with long-term holders locking up about 75% of the Circulating Supply, leading to a "liquidity vacuum". According to Google Trends data, the search engine search volume of global retail investors and the download rankings of cryptocurrency apps are currently less than half of the heat at the end of last year, indicating that the recent surge was supported by institutions. Search heat scale for the keywords BTC and Bitcoin | Source: Google Trends Risk, still a risk Bitcoin's market capitalization surged to $2.4 trillion, surpassing Amazon's $2.3 trillion, making it the fifth largest asset globally. However, compared to gold's $22.6 trillion, it still appears small in the challenge against "Big Brother Gold". Be cautious of pullbacks, although Standard Chartered and VanEck have raised their year-end target price for BTC to $160,000 to $200,000, they also warn that after $135,000 there may be a pullback to support. Historical experience shows that even in a bull market, Bitcoin's pullback could still fall within 20% to 30%. Investors need to monitor the support area of $112,000 to $115,000 and the net inflow trend of ETFs to gauge bullish momentum. This is likely the reason for retail investors' fears, as those who have stayed in the crypto market for a long time may need a longer accumulation of upward momentum to FOMO again. Related Reports Bitcoin's 70% dark web trading volume evaporated instantly: Abacus Market allegedly absconded with funds Bernstein reiterates Bitcoin's rise to $200,000: institutional demand is the driving force, and this bull run will be long and exhausting Will the new highs of Bitcoin ignite a new round of meme coin season? Analysis of whether XYZVerse can become the next Meme dark horse (Institutional funds are crazily buying Bitcoin! But global retail investors are "indifferent"?) This article was first published in BlockTempo, the most influential blockchain news media.